Saatvik Green Energy Announces 11th AGM on Sep 24, 2026
Saatvik Green Energy will hold its 11th AGM on September 24, 2026, via VC/OAVM. The company reported FY26 revenue of ₹45,484 million (up 111%) and PAT of ₹3,571 million (up 64%). Key developments include advancing the Odisha project, acquiring Melcon Transformers, and commissioning a 2 GW encapsulant facility. Investment of ₹17,000 million planned for FY27.
The announcement pertains to a significant corporate event (AGM) and provides a comprehensive update on the company's financial performance and strategic initiatives during the past fiscal year. This information is crucial for investors and stakeholders to assess the company's progress and future outlook.
The announcement primarily concerns the upcoming AGM and the release of the annual report, which is a routine corporate event. While it details significant business progress and financial performance for FY25-26, the core announcement is the scheduling of the AGM.
Saatvik Green Energy Limited (formerly known as Saatvik Green Energy Private Limited) has announced the notice for its 11th Annual General Meeting (AGM). The AGM is scheduled to be held on Thursday, September 24, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in accordance with the circulars issued by the Ministry of Corporate Affairs and SEBI Listing Regulations. The company has also made the Annual Report for the Financial Year 2025-26 available, which includes the AGM notice. This information is accessible on the company's website at https://saatvikgroup.com/.
During the financial year 2025-26, Saatvik Green Energy made significant strides. They advanced the Odisha Integrated Manufacturing Project, acquired an 80% stake in Melcon Transformers & Electricals Private Limited, planned a solar cells roadmap from 4.8 GW to 6 GW, and commissioned a 2-GW encapsulant manufacturing facility. The company also incorporated Saatvik Power Storage Solutions Limited, focusing on battery technologies and energy storage systems. Financial highlights for FY 2025-26 include a revenue from operations of ₹45,484 million (up 111% YoY), EBITDA of ₹5,811 million, and Profit After Tax of ₹3,571 million (up 64% YoY). The debt-to-equity ratio improved to 0.65x from 1.34x. The company plans to invest approximately ₹17,000 million in FY 2026-27, primarily in the Odisha integrated manufacturing project.
A plain-language summary of a public exchange filing by Saatvik Green Energy Limited. Read the original for the full detail.