5445262025-10-012025-12-315445262025-04-012025-12-315445262025-10-012025-12-31in-capmkt:OtherExpenses1Member5445262025-04-012025-12-31in-capmkt:OtherExpenses1Member5445262025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15445262025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15445262025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss15445262025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544526SAATVIKGLNOTLISTEDINE13B501022Saatvik Green Energy LimitedMain BoardEquity2025-04-012026-03-312026-02-042026-01-28INRMillionsQuarterlyThird 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) and Solar Inverter2026-02-0415:20:002026-02-0417:20:00Not applicable2025-10-012025-12-31UnauditedConsolidated125702200001143900001268461000082439200001151920000581590000292550000231240000146950000767040000114152100001269400000012694000001674000001148000002822000000987200000000098720000047000098767000098720000098767000025422000028.418.39008.418.391. The Statement of Unaudited Consolidated Financial Results of Saatvik Green Energy Limited (formerly known as Saatvik Green Energy Private Limited) ("the Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as the "Group") have 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") as amended 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 Consolidated 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 February 04, 2026 and has been subject to limited review by the Statutory Auditors of the Holding Company. <BR> <BR> 2. The Statement includes the results for the quarter ended December 31, 2024, being the balancing figures between Audited Special Purpose Interim Consolidated Financial Statements for the nine months ended December 31, 2024 and the year to date figures up to half year ended September 30, 2024, based on the information compiled by the management in accordance with Ind AS 34 and which have not been subjected to a review or audit by the statutory auditors. <BR> <BR> The figures for the nine months ended December 31, 2024 have been extracted from the Special Purpose Consolidated Financial Statements which were audited by the Statutory Auditors of the Company and for the year ended March 31, 2025 have been extracted from the General Purpose Consolidated Financial Statements which were audited by the Statutory Auditors of the Company. <BR> <BR> 3. The Group 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) and Solar Inverter.  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. Accordingly, 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 Holding 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 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 Holding 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 December 31, 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> (Amount are in INR Millions) <BR> Sr. No Objects of the issue Amount to be utilised Utilised amount upto Unutilised <BR> as per the prospectus December 31, 2025 Amount upto <BR> December, 31,2025 <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 108.19 100.07 8.12 <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 <BR> 1664.36 1664.36 0 <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. <BR> 4772.27 1020.31 3751.96 <BR> <BR> 4. General corporate purposes 30.36 12.72 17.64 <BR> <BR> 5. Other Expenses 424.82 372.12 52.70 <BR> <BR> Total 7000.00 3169.58 3830.42 <BR> <BR> <BR> 5. During the previous year ended March 31, 2025, the following entities ceased to be subsidiaries of the Company: <BR> <BR> 1. Saatvik Vision Ventures Private Limited w.e.f September 12, 2024 <BR> 2. UV Solar Energy Project One Private Limited w.e.f September 26, 2024 <BR> 3. Ultravibrant Solar Energy Project Two Private Limited w.e.f September 26, 2024 <BR> 4. Stockwell Alwar Two Private Limited w.e.f October 01, 2024 <BR> <BR> 6. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (‘Labour Codes') which consolidate twenty-nine existing labour laws into a unified framework governing employees benefits during employment and post-employment. The Labour Codes, amongst other things introduces changes, including a uniform definition of wages and enhanced benefits relating to leave. The incremental impact of these changes, assessed by the Group, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, is not material for the quarter and nine months ended December 31, 2025 and has been accounted for accordingly. Once Central / State Rules are notified by the Government on all aspects of the Codes, the Group will evaluate additional impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment. <BR> <BR> 7. The Unaudited Consolidated 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.2025-04-012025-12-31UnauditedConsolidated2940779000030598000029713770000239221800001426520000-35201800008655600005580200004084100002326260000259867700003727000000037270000006085300001106200007191500000300785000000003007850000-4350000300350000030078500003003500000254220000225.6325.570025.6325.57Other Expenses767040000Other Expenses2326260000Remeasurement gain / (loss) on defined benefit plan590000590000Remeasurement gain / (loss) on defined benefit plan-5850000-5850000140000-1450000Net loss due to foreign currency translation differences2000020000Net loss due to foreign currency translation differences500005000000470000-4350000