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Green Energy LimitedMain BoardEquity2025-04-012026-03-312025-11-062025-10-30INRMillionsQuarterlySecond quarterSingle segmentEngaged in the manufacturing of Solar Photovoltaic (PV) modules, Engineering, Procurement and Construction (EPC) and services, design, construction, procurement and commissioning of Solar Photovoltaic Water Pumping Systems (SPWPS)2025-11-0616:10:002025-11-0617:00:00trueCash Flow IndirectNot applicabletruetrueNANAfalsetrue2024-10-24https://saatvikgroup.com/wp-content/uploads/2024/11/Saatvik-RPT-Policy-1.pdffalsefalseNot Applicable2025-07-012025-09-30UnauditedStandalone555211000016862000057207300001193040000333311000046660000020190000048020000312700003920800005666020000547100000547100001418000061700002035000003436000000003436000037300003809000025422000020.310.3000.310.31. The Statement of Unaudited Standalone Financial Results of Saatvik Green Energy Limited (the 'Company') has been prepared in accordance with the recognition and measurement principles of Indian Accounting Standard 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India and presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations'). The Statement of Unaudited Standalone Financial Results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on November 06, 2025 and has been subject to limited review by the Statutory Auditors of the Company. <BR> <BR> 2. The Unaudited Standalone Financial Results for the quarter ended and half year ended September 30, 2024, are presented based on the information compiled by the management in accordance with Ind AS 34 and have not been subjected to a review or audit by the statutory auditors. The management has prepared the results for the said period applying consistent accounting policies. <BR> <BR> The figures for the year ended March 31, 2025 have been extracted from the General Purpose Standalone Financial Statements which were audited by the Statutory Auditors of the Company. <BR> <BR> 3. The Company is primarily engaged in the manufacturing of Solar Photovoltaic (PV) modules, Engineering, Procurement and Construction (EPC) and services, design, construction, procurement and commissioning of Solar Photovoltaic Water Pumping Systems (SPWPS).  The Chief Operating Decision Maker (CODM) reviews the Company’s performance and allocates resources based on an overall assessment of the business as a single operating segment. Accrodingly, no other reportable separate segment information is provided in accordance with the requirements of Ind AS 108 – Operating Segments. <BR> <BR> 4. During the quarter ended September 30, 2025, the Company has completed its initial public offer (IPO) of 19,359,079 equity shares of face value of INR 2 each at an issue price of INR 465 per share (including a share premium of INR 463 per share), comprising fresh issue of 15,058,004 equity shares aggregating to INR 6,999.99 million (including an employee discount of INR 44 per share) and offer for sale of 4,301,075 equity shares by selling shareholders aggregating to INR 1,999.99 million, totalling to INR 8,999.99 million. Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 26, 2025. <BR> <BR> The Company's share of total offer expenses are estimated to be INR 424.82 million (exclusive of GST) . The IPO proceeds (net of IPO expenses of INR 424.82 million) which were unutilised as at September 30, 2025 are temporarily invested in fixed deposits of scheduled commercial banks maintained in the monitoring agency account, and held in the public offer account. The utilization of the IPO proceeds in relation to fresh issue is summarized below: <BR> <BR> Sr. No. Objects of the issue Amount to be utilised Unutilised amount upto <BR> as per the prospectus September 30, 2025 <BR> <BR> <BR> <BR> 1 Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company 108.19 108.19 <BR> <BR> 2 Investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/ prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary 1,664.36 1,664.36 <BR> <BR> 3 Investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha. 4,772.27 4,772.27 <BR> <BR> <BR> 4 General corporate purposes 30.36 30.36 <BR> <BR> Total 6,575.18 6,575.18 <BR> '* Subsequent to the quarter ended September 30, 2025, the Board of Directors of Saatvik Solar Industries Private Limited (a wholly owned subsidiary) at its meeting held on October 08, 2025, approved the issuance of unsecured unlisted redeemable Non-Convertible Debentures (“NCDs”) aggregating up to INR 6,436.60 million on a private placement basis to the Holding Company, in one or more tranches. The first tranche comprises 26,700 Series-I NCDs of INR 1,00,000 each aggregating INR 2,670 million, bearing interest at 9% per annum, payable quarterly, and redeemable after seven years from the date of allotment, was subsequently allotted on October 10, 2025. <BR> <BR> 5. The Unaudited Standalone Financial Results are available in the Investors section of our website at https://saatvikgroup.com and is also available on www.bseindia.com and www.nseindia.com.2025-04-012025-09-30UnauditedStandalone9330070000286910000961698000029384700006250850000-99593000039587000010632000066310000685070000944696000017002000001700200005232000021000005442000001156000000000115600000-465000011095000025422000021.031.03001.031.03Other Expenses392080000Other Expenses68507000056245000000000006010000007762700007822800005747000021530000142373000017908000000269240000025690500004016970000419260000544540000102422200000625100000126581200000014081850000254220000929502000095492400009549240000000012196000012196000073070000002199000021702000013149600002543000001983310000223761000014592000036984900004305500001540400003251000004315590000004532610000140818500001063200007407000011567300000999000000955900000-3605500000632500000663100000496100000204000000267000000283200003177000035000000-108470000-618600000114189000013119100000003402800000971630000000000002800004101000000000000000000000050600000-4773510000-480918000000660257000000000010907000028460000093940000006371100000253355000002533550000355000002569050000Remeasurement of the net defined benefit liability/(assets)49800004980000Remeasurement of the net defined benefit liability/(assets)-6220000-62200001250000-15700003730000-4650000Saatvik Green Energy Limited******Saatvik Solar Industries Private Limited******SubsidiarySale of goods or services15000000000-42577000003157200000285260000Saatvik Green Energy Limited******Saatvik Cleantech EPC Private Limited******SubsidiaryPurchase of goods or services2000000000-103430000193820000137930000Saatvik Green Energy Limited******Saatvik Social Foundation******Promoter Group EntityAny other transactionSub lease rental Income150000-600003000090000Saatvik Green Energy Limited******Neelesh Garg******Chairman and Managing DirectorRemuneration35000000-1500000000Saatvik Green Energy Limited******Neelesh Garg******Chairman and Managing DirectorAny other transactionSalary Advance30000000-30000000030000000Saatvik Green Energy Limited******Manik Garg******Managing DirectorRemuneration35000000-1500000000Saatvik Green Energy Limited******Manik Garg******Managing DirectorAny other transactionSalary Advance30000000-30000000030000000Saatvik Green Energy Limited******Abani Kant Jha******Chief Financial OfficerRemuneration-1882000000Saatvik Green Energy Limited******Manavika Garg******Non Executive DirectorAny other transactionDirector Sitting Fees1000000-50000000Saatvik Green Energy Limited******Prashant Mathur******Chief Executive OfficerRemuneration-1464000000Saatvik Green Energy Limited******Bhagya Hasija******Company SecretaryRemuneration-197000000Saatvik Green Energy Limited******Sudhir Kumar Bassi******Independent DirectorAny other transactionDirector Sitting Fees-94000000Saatvik Green Energy Limited******Narendra Mairpady******Independent DirectorAny other transactionDirector Sitting Fees-88000000Saatvik Green Energy Limited******Sarita Rajesh Zele******Independent DirectorAny other transactionDirector Sitting Fees-68000000Saatvik Green Energy Limited******Saatvik Social Foundation******Promoter Group EntityAny other transactionPayment of CSR expense-600002025-11-0660000060000Saatvik Green Energy Limited******Saatvik Vision Venture Private Limited******Promoter Group EntityAny other transactionRoyalty Expense450000-450000-50000400000Saatvik Green Energy Limited******Saatvik Agro Processors Private Limited******Promoter Group EntityAny other transactionSub lease rental Income150000-60000060000Saatvik Green Energy Limited******Saatvik Solar Industries Private Limited******SubsidiaryPurchase of goods or services15000000000-241905000000Saatvik Green Energy Limited******Saatvik Energy Infra Private Limited******Promoter Group EntityAny other transactionSub lease rental Income150000-60000060000Saatvik Green Energy Limited******Saatvik Cleantech EPC Private Limited******SubsidiaryAny other transactionSub lease rental Income1500000-6000000600000Saatvik Green Energy Limited******Saatvik Solar Industries Private Limited******SubsidiaryAny other transactionSub lease rental Income1150000-4800000480000Saatvik Green Energy Limited******Saatvik Solar Industries Private Limited******SubsidiaryAny other transactionInterest Income-188700004192000058900000Saatvik Green Energy Limited******Saatvik Cleantech EPC Private Limited******SubsidiaryAny other transactionStock Option granted to employees of subsidiary-332000024200005740000Saatvik Solar Industries Private Limited******Stockwell Alwar Two Private Limited******Promoter Group EntitySale of goods or services1000000-1400000160000Stockwell Alwar two Private Limited ceased to be part of the promoter group w.e.f September 27, 2025.Saatvik Solar Industries Private Limited******Saatvik Vision Venture Private Limited******Promoter Group EntityAny other transactionRoyalty Expense450000-450000-50000400000Saatvik Solar Industries Private Limited******Saatvik Social Foundation******Promoter Group EntityAny other transactionPayment of CSR expense7800000-240000002400000Saatvik Solar Industries Private Limited******Sarita Rajesh Zele******Non Executive DirectorAny other transactionDirector Sitting Fees-2000000Saatvik Green Energy Limited******Prashant Mathur******Chief Executive OfficerAny other transactionIncentives paid-9843000000Saatvik Cleantech EPC Private Limited******Ultravibrant Solar Energy Project Two Private Limited******Promoter Group EntityAny other transactionInterest Income-347000033300006460000Saatvik Cleantech EPC Private Limited******Saatvik Vision Venture Private Limited******Promoter Group EntityAny other transactionRoyalty Expense450000-450000-50000400000Saatvik Cleantech EPC Private Limited******Ultravibrant Solar Energy Project Two Private Limited******Promoter Group EntityLoan--45000007840000073900000Loan0.09Repayable on demandUnsecuredWorking Capital SupportSaatvik Green Energy USA Inc.******Saatvik Green Energy Limited******SubsidiaryAny other transactionInterest expense-980000223000033400007034410000