Saatvik Green Energy Limited (SAATVIKGL) — Board Meeting

📢 Key Event
Board approved audited financial results and strategic acquisitions

🔄 What Changed
Inventory valuation method changed; impairment loss recognized; 80% stake acquisition planned

🔮 What's Next
Acquisition of 80% stake in Melton Transformers and Electricals Private Limited

💡 Investor Takeaway
The company is expanding through strategic acquisitions and inventory policy changes affecting profitability

Saatvik Green Energy Limited announced the outcome of its May 20, 2026 board meeting, approving audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results, hosted on the company website, include an unmodified audit opinion from Suresh Surana & Associates LLP. Key disclosures cover a stock split (face value reduced from INR 10 to INR 2), a change in inventory valuation method from FIFO to moving weighted average cost, and an INR 39.46 million impairment loss on a solar module cash-generating unit. The company also completed an INR 8,999.99 million IPO in September 2025 and acquired a 49% stake in Intelligent Hydel Solutions Private Limited for INR 13.06 million, with plans to acquire an 80% stake in Melton Transformers and Electricals Private Limited for INR 24 million.

📄 View Original Announcement (PDF)

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