Nature of Event: The Board of Directors of Saatvik Cleantech EPC Private Limited (wholly owned subsidiary) approved two actions at its meeting held on July 31, 2026:
Issuance of Corporate Guarantee (CG) in favour of Aseem Infrastructure Finance Limited (AIFL) on behalf of Intelligent Hydel Solutions Private Limited (IHSPL), its subsidiary (49% equity stake with management control)
The guarantee is for a term loan facility of ₹160 crores to be availed by IHSPL
Purpose: Development of a 41 MW (AC Capacity) ground-mounted decentralized solar power project across 10 locations in Maharashtra
Additional action: Issuance of a Letter of Comfort/undertaking in favour of RMC Switchgears Limited in relation to the CG proposed to be provided by RMC in favour of AIFL
Security: Pledge of entire equity stake held by Saatvik EPC in IHSPL (49% equity) in favour of AIFL as security for the loan facility
Promoter Interest: Promoter, Promoter Group and Group Companies have no interest in this transaction except to the extent of their shareholding in the Company
Basis: Transaction undertaken in ordinary course of business on an arm's length basis
Impact: No direct impact on the Company
Transaction 2: Saatvik Solar Industries Private Limited
Nature of Event: Issuance of Corporate Guarantee by Saatvik Solar Industries Private Limited (material wholly owned subsidiary) in favour of Axis Bank Limited
Beneficiary: Saatvik Agro Processors Private Limited, a Promoter Group entity
Amount: ₹37 Crores aggregate
Purpose: Working capital credit facility availed/to be availed by Saatvik Agro
Promoter Interest: Yes, Saatvik Agro Processors Private Limited is a Promoter Group entity of the Company
Basis: Transaction undertaken on arm's length basis
Impact: Company's exposure limited to the extent of the amount of corporate guarantee
