5445262026-01-012026-03-315445262026-03-315445262025-03-315445262025-04-012026-03-315445262026-01-012026-03-31in-capmkt:OtherExpenses1Member5445262025-04-012026-03-31in-capmkt:OtherExpenses1Member5445262026-03-31

OtherNoncurrentFinancialAssetsDomain1

5445262026-03-31

OtherNoncurrentAssetsDomain1

5445262026-03-31

OtherNoncurrentAssetsDomain2

5445262026-03-31

OtherCurrentFinancialAssetsDomain1

5445262026-03-31

OtherCurrentAssetsDomain1

5445262026-03-31

OtherNoncurrentFinancialLiabilitiesDomain1

5445262026-03-31

OtherNoncurrentLiabilitiesDomain1

5445262026-03-31

OtherCurrentFinancialLiabilitiesDomain1

5445262026-03-31

OtherCurrentFinancialLiabilitiesDomain2

5445262026-03-31

OtherCurrentLiabilitiesDomain1

5445262026-03-31

OtherCurrentLiabilitiesDomain2

5445262026-01-012026-03-31

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5445262025-04-012026-03-31

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5445262026-01-012026-03-31

ItemsThatWillBeReclassifiedToProfitAndLoss1

5445262025-04-012026-03-31

ItemsThatWillBeReclassifiedToProfitAndLoss1

5445262026-01-012026-03-31

AuditorDomain1

5445262026-01-012026-03-31

AuditorDomain2

iso4217:INRiso4217:INRxbrli:shares

544526

SAATVIKGL

NOTLISTED

INE13B501022

Saatvik Green Energy Limited

Main Board

Equity

2025-04-01

2026-03-31

2026-05-20

INR

Millions

Quarterly

Fourth quarter

Single segment

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

2026-05-20

15:40:00

2026-05-20

17:30:00

true

Cash Flow Indirect

Declaration of unmodified opinion

2026-01-01

2026-03-31

Audited

Consolidated

16076570000

89610000

16166180000

11066640000

576060000

1934120000

294660000

155010000

233200000

1128770000

15388460000

777720000

-39460000

738260000

312190000

-178130000

134060000

604200000

-14590000

589610000

606089000

-1885000

591497000

-1885000

254220000

5.06

5.05

5.06

5.05

1. The Statement of Audited 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 laid down in the applicable accounting standards 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 Audited 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 May 20, 2026. 2. The Statement includes the results for the quarter ended March 31, 2026, being the balancing figures between Audited Consolidated Financial Statements for the year ended March 31, 2026 and the year to date figures up to nine month ended December 31, 2025, which were subject to limited review. The Statement includes the results for the quarter ended March 31, 2025, being the balancing figures between Audited Consolidated Financial Statements for the year ended March 31, 2025 and the year to date figures up to nine month ended December 31, 2024, which were subject to audit by the statutory auditors. 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 Group'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. 4. 'During the quarter ended March 31, 2026, the Group has reassessed the useful life of certain plant & machinery based on the technical evaluation. Consequently, depreciation for the year is higher by INR 96.28 million. Further, the Holding Company has identified impairment indicators for its Monoperc cash-generating unit (CGU) arising from rapid technological advancements in the solar module industry and a strategic shift in management focus. Accordingly, the Holding Company has assessed the recoverable amount of the CGU and recognised an impairment loss of INR 39.46 million where the carrying amount exceeded its recoverable amount. 5. The Group has changed its accounting policy for valuation of Raw Materials, Finished Goods, and Work in Process from First In First Out (FIFO) to moving weighted average cost method w.e.f. April 01, 2024. The Group believes that this change to moving weighted average cost method is preferable as it reflects better matching of the actual cost flows with the physical flow of goods and also improves comparability with Company’s industry peers. Hence, it provides reliable and more relevant information to the users of financial statements about the Group’s inventory valuation. In accordance with Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors, this change in method of accounting for inventories has been retrospectively applied to all previous years presented herein. Previous years comparative figures have been adjusted to reflect what results would have been had the Group applied moving weighted average cost method of inventory valuation for inventories. The cumulative effect on retained earnings for these changes was INR 0.50 millions at 1st April, 2024. However, due to huge volume of inventory, it is impracticable for the Group to give impact and figures that what would have been had the Group continued to follow the FIFO method of inventory valuation. As a result of the change in the Group's accounting policy, Financial Statements as at March 31, 2024 and March 31, 2025 have been restated. The impact on change in accounting policy on Inventory has been adjusted by restating each of the affected financial statement line items for the change in policy as follows: Sr. No "Statement of profit and loss (extract) " "Quarter Ended " "Quarter Ended" "Year Ended" December 31, 20 March 31, 2025 March 31, 2025 1 Increase/(decrease) in Cost of materials consumed (22.90) (32.68) (20.49) 2 Increase/(decrease) in Changes in inventory of Finished 71.66 (7.47) (17.40) goods, Traded Goods and Work-in-progress 3 Increase/(decrease) Profit before tax 48.76 (40.15) (37.89) 4 Increase/(decrease) in tax expense - Deferred tax (Credit) (7.83) 5.07 5.70 / Charge 5 Increase/(decrease) Profit after tax 40.93 (35.08) (32.19) 6 Change in EPS (Basic) (INR) (0.35) 0.31 0.31 7 Change in EPS (Dilued) (INR) (0.35) 0.31 0.31 Following is the impact i.e. increase/ (decrease) of the said change in policy on each item of Balance Sheet: Sr. No Balance sheet (extract) " As at 1st April, 2024" "As at 31st March, 2025" 1 Increase/(decrease) in Inventories (1.28) 36.61 2 Increase/(decrease) in Deferred tax assets (net) 0.78 (4.93) 3 Increase/(decrease) in Other Equity (0.50) 31.68 During the current year, 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. 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 March 31, 2026 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: (Amounts are in INR millions) "Sr. No" Objects of the issue "Amount to be utilised "Utilised amount upto" Unutilised amount as per the prospectus" March 31, 2026" upto March 31, 2026 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 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 - 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 1,782.70 2,989.57 4. General corporate purposes 30.36 12.72 17.64 5. Offer expenses 424.82 372.12 52.70 Total 7,000.00 3,931.97 3,068.03 7. During the previous year ended March 31, 2025, the following entities ceased to be subsidiaries of the Company: 1. Saatvik Vision Ventures Private Limited w.e.f September 12, 2024 2. UV Solar Energy Project One Private Limited w.e.f September 26, 2024 3. Ultravibrant Solar Energy Project Two Private Limited w.e.f September 26, 2024 4. Stockwell Alwar Two Private Limited w.e.f October 01, 2024 8. On February 12, 2026, the Holding Company, through its wholly-owned subsidiary Saatvik Cleantech EPC Private Limited, acquired a 49% shareholding in Intelligent Hydel Solution Private Limited, resulting in it becoming a subsidiary due to the controlling interest obtained. The total consideration for the acquisition was INR 13.06 million, paid in cash. As on the acquisition date, the entity comprised assets that did not constitute a business. Accordingly, the acquisition has been accounted for as an asset acquisition. 9. 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 has been accounted for accordingly. The Group continues to monitor developments relating to the Labour Codes and will evaluate the impact, ifany, on the remeasurement ofliabilities pertaining to employee benefits. 10. 'Subsequent to year end, the Holding Company has entered into a share purchase agreement dated April 23, 2026 to acquire an 80% equity stake in "Melcon Transformers and Electricals Private Limited", Rajasthan - based transformer manufacturer for a consideration of INR 24 million. 11. 'Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year classification / disclosure. 12. The Audited 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. For and on behalf of Saatvik Green Energy Limited (Formerly known as Saatvik Green Energy Private Limited)

2025-04-01

2026-03-31

Audited

Consolidated

45484370000

395600000

45879970000

34965920000

2002580000

-1514400000

1160220000

713030000

641600000

3455030000

41423980000

4455990000

-39460000

4416530000

920720000

-75340000

845380000

3571150000

-18940000

3552210000

3573045000

-1885000

3554101000

-1885000

254220000

13356440000

29.83

29.76

29.83

29.76

Other Expenses

1128770000

Other Expenses

3455030000

3087240000

3841390000

630000

27630000

158350000

3295120000

10410360000

7015920000

6988260000

279020000

538510000

75890000

3153700000

11035380000

930000

2683320000

20735550000

31145910000

254220000

13356440000

13610660000

-2320000

13608340000

2108250000

514280000

2622530000

117360000

1330000

290240000

3031460000

6704710000

194770000

5608280000

5803050000

733370000

13241130000

1030140000

175780000

59060000

14506110000

17537570000

31145910000

Other Financials Assets

27630000

Other non-current assets

1874540000

Right-of-use assets

1420580000

Other financial assets

3153700000

Other current assets

2683320000

Lease Liabilities

514280000

Other non-current liabilities

290240000

Lease Liabilities

67120000

Other current financial liabilities

666250000

Other current liabilities

236890000

Contract Liabilities

793250000

607570000

-474550000

-2939500000

-1736840000

-49400000

214410000

389080000

641600000

97940000

22800000

139240000

45720000

1280000

-219680000

40380000

-3498430000

918100000

-1185290000

-267190000

13060000

280000

6014150000

-580000

-4500000

102680000

-3043380000

-8963710000

6602570000

-4231990000

820560000

558020000

9455980000

225080000

53940000

279020000

Remeasurement of net defined benefit liability/(assets)

-15590000

Remeasurement of net defined benefit liability/(assets)

-21440000

-3790000

-5240000

Net loss due to foreign currency translation differences

-2790000

Net loss due to foreign currency translation differences

-2740000

-14590000

-18940000

Audited

true

Suresh Surana and Associates LLP

true

2028-03-31

TAMS and Co.

true

2029-02-28