5445262026-04-012026-06-305445262026-04-012026-06-30in-capmkt:OtherExpenses1Member5445262026-04-012026-06-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5445262026-04-012026-06-30

ItemsThatWillBeReclassifiedToProfitAndLoss1

iso4217:INRiso4217:INRxbrli:shares

544526

SAATVIKGL

NOTLISTED

INE13B501022

Saatvik Green Energy Limited

Main Board

Equity

2026-04-01

2027-03-31

2026-08-14

2026-08-06

INR

Millions

Quarterly

First 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

2026-08-14

14:15:00

2026-08-14

15:20:00

2026-04-01

2026-06-30

Unaudited

Consolidated

5110100000

87200000

5197300000

5267430000

21680000

-1287510000

258600000

217350000

134070000

511610000

5123230000

74070000

52420000

-31980000

20440000

53630000

6530000

60160000

55100000

-1470000

61630000

-1470000

254220000

0.43

1. 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") 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 August 14, 2026 and has been subject to limited review by the Statutory Auditors of the Company. 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 months ended December 31, 2025, which were subject to limited review. 3. The Group is primarily engaged in the manufacturing of Solar Photovoltaic (PV) modules, Transformers, Engineering, Procurement and Construction (EPC) services, design, construction, procurement and commissioning of Solar Photovoltaic Water Pumping Systems (SPWPS), Solar Inverter and Independent Power Producer. The Chief Operating Decision Makers (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 and industry standards. Consequently, depreciation for the quarter and year ended March 31, 2026 was higher by INR 96.28 million. The Holding Company had aslo identified impairment indicators for its Monoperc cash-generating unit ('Monoperc CGU') arising from rapid technological advancements in the solar module industry and a strategic shift in management focus; and has accordingly re-assessed the recoverable amount of the Monoperc CGU and recognised an impairment loss of INR 39.46 million during quarter and year ended March 31, 2026. 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. March 31, 2026. 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. As a result of the change in the Group's accounting policy, Financial results for the quarter ended June 30, 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: S.No. Statement of profit and loss (extract) Quarter Ended June 30, 2025 1 Increase/(decrease) in Cost of materials consumed 10.35 2 Increase/(decrease) in Changes in inventory of Finished goods, 23.37 Traded Goods and Work-in-progress 3 Increase/(decrease) Profit before tax -33.72 4 Increase/(decrease) in tax expense - Deferred tax (Credit) / Charge -11.49 5 Increase/(decrease) Profit after tax -22.23 6 Change in EPS (Basic) (INR) -0.19 7 Change in EPS (Diluted) (INR) -0.20 6. During the Previous 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 June 30, 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) S.No. Objects of the issue Amount to be utilised Utilised amount Unutilised amount as per the prospectus upto June 30, 2026 as at June 30, 2026 1 Prepayment or scheduled 108.19 100.07 8.12 re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company 2 Investment in our wholly 1664.36 1664.36 0 owned Subsidiary, Saatvik Solar Industries Private Limited, in theform 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 3 Investment in our wholly 4772.27 2957.93 1814.34 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 General corporate purposes 30.36 12.72 17.64 5 Offer expenses 424.82 376.4 48.42 Total 7000.00 5111.48 1888.52 7. During the quarter, the Holding Company has entered into a Share Purchase Agreement (‘SPA’) to acquire 100% of the equity share capital of Melcon Transformers and Electricals Private Limited ('Melcon'). Pursuant to the SPA, the Holding Company acquired 80% stake for INR 24.00 million, resulting in Melcon becoming subsidiary of the Company. The balance deferred consideration of INR 20 million (representing the estimated fair value of the remaining 20% stake) will be paid in next 2 years. 8. 'Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year classification / disclosure. 9. 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.

Other Expenses

511610000

Remeasurement of net defined benefit liability/(assets)

8470000

1940000

Net loss due to foreign currency translation differences

6530000