Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company intimates the receipt of purchase orders for solar power projects.
Key Quantitative Figures: The company has received purchase orders from four domestic entities with an aggregate capacity of 24,760 kWp (DC). The breakdown of the orders by entity is as follows:
- Entity-1: 9,640 kWp
- Entity-2: 5,405 kWp
- Entity-3: 5,405 kWp
- Entity-4: 4,310 kWp
Parties Involved: The orders were awarded by four separate domestic entities, all having their registered offices in Gujarat. The names of the entities are not disclosed due to confidentiality obligations and a mutual understanding with them.
Significant Terms and Conditions: All orders are for the execution of grid-interactive, ground-mounted Solar PV Power Plants. The scope of work for each involves the supply, installation, and commissioning of the plants in accordance with the specifications detailed in the respective purchase orders.
Execution Timeframe: The time period for execution for all orders is 6 months from the date of receipt of advance, documents, or the purchase order itself, subject to the terms of each Purchase Order.
Related Party Transaction: For all four entities, the promoter and members of the promoter group have an interest in the entity that awarded the order. Consequently, all orders fall within related party transactions. The company has stated that all transactions are being undertaken on an arm's length basis and in accordance with applicable laws.
Stated Rationale and Impact: The order is expected to strengthen the company's presence in the renewable energy sector and contribute to its revenues over the project execution period. The financial impact of the orders is not quantified in the disclosure.