This recognition marks a significant milestone in Saatvik’s commitment to sustainable, responsible, and future-ready manufacturing. The rating reflects the company’s strong focus on resource efficiency, environmental stewardship, and the creation of a healthy and resilient workplace ecosystem.

Saatvik’s Ambala plant demonstrated excellence across key green factory parameters, including:

· Efficient energy and water management across the facility

· Focus on renewable energy integration and carbon reduction

· Responsible waste reduction and recycling practices

· Healthy, safe, and future-ready workplace for our people

· Adoption of sustainable building materials and technologies

Saatvik Green Energy Limited was formally felicitated recently at the Green Building Congress 2025 at the Jio World Convention Centre, Mumbai. Leading organizations from across India were celebrated at the event for advancing the nation’s green building movement.

Speaking about the achievement, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said: “Receiving the IGBC Green Factory Building Silver Rating is a proud moment for all of us at Saatvik. It reflects our belief that sustainability must begin at the source, not just in the clean energy products we build, but in the way we design and operate our manufacturing ecosystems. Our Ambala facility embodies this philosophy, combining efficiency, environmental responsibility, and world-class quality. This recognition strengthens our resolve to accelerate our journey towards Net Zero manufacturing and contribute meaningfully to India’s clean energy transition.”

Saatvik’s sustainability-first approach aligns with its long-term strategy of scaling responsibly while ensuring that every module manufactured contributes to a cleaner planet, from origin to installation.

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·         Bid /Offer will open on Friday, 19 September and close on Tuesday, September 23, 2025. The Anchor Investor Bidding Date shall be Thursday, September 18 2025

·         Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter

·         A discount of ₹ 44 per Equity Share is being offered to eligible employees bidding in the employee reservation portion

Bengaluru, September 16, 2025:  Saatvik Green Energy Limited (the “Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Friday, September 19, 2025.

The total offer size of Equity Shares aggregating up to ₹ 9000 million [₹ 900 crore] comprises of fresh issue aggregating up to ₹ 7000 million [₹ 700 crore] (“Fresh Issue”) and Offer for Sale aggregating up to ₹ 2,000 million [₹ 200 crore] by Selling Shareholders (“OFS” and together with Fresh Issue, the “Offer Size”).

The Anchor Investor Bidding Date shall be Thursday, September 18, 2025.  The Bid/Offer will open on Friday, September 19, 2025 for subscription and will close on Tuesday, September 23, 2025.

The Price Band of the Offer has been fixed at₹ 442 to ₹ 465 per Equity Share (A discount of ₹ 44 per Equity Share is being offered to eligible employees bidding in the employee reservation portion). Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter.

The Company proposes to utilise net proceeds from Fresh Issue of Equity Shares towards Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, 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, 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. (“Project Site”) and balance amount towards general corporate purposes (“Object of the Offer”).

The offer for sale comprises of Equity shares aggregating up to ₹ 1,120 million by Parmod Kumar, aggregating up to ₹880 million by Sunila Garg (the “Promoter Selling Shareholder”).

DAM Capital Advisors Limited, Ambit Private Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers or BRLMs to the Offer.

This Equity Shares are being offered through the red herring prospectus of the Company dated September 15, 2025 (the “RHP”) filed with Registrar of Companies, Delhi and Haryana at New Delhi “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

This is an Offer in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein in terms of Regulation 32(2) of the SEBI ICDR Regulations not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion, the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ( “Anchor Investor Portion”), of which atleast one-third shall be reserved for allocation to domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders (“NIBs”) of which (a) one-third of portion shall be reserved for applicants with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Furthermore, up to [●] Equity Shares aggregating up to ₹  20 million will be available for allocation to Eligible Employees, subject to valid Bids being received from them at or above the Offer Price (net of Employee Discount, if any, for the Employee Reservation Portion). All Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) (defined hereinafter) in which the Bid amount will be blocked by the SCSB or Sponsor Bank(s) as applicable to participate in the offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process. For details, see “Offer Procedure” on page 557 of the RHP.

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The initiatives, designed to address critical community needs, include:

• Access to Safe Drinking Water – Installation of a community RO water unit at the Gram Panchayat office to provide clean and safe drinking water for all villagers.
• Safety for Girl Students – Deployment of 27 CCTV cameras across the school campus to ensure a secure learning environment.
• Digital and Inclusive Education – Establishment of two smart classrooms enabled with the Rajasthan State Board curriculum from 1st to 12th standard, promoting equitable access to modern education.

The projects were inaugurated by former MLA of Chomu, Mr. Ramlal Sharma. Both  commended the initiatives for their long-term benefits to the community.

Neelesh Garg, Chairman and Managing Director, Saatvik Green Energy Limited, said: “We believe that sustainable development begins with empowering people at the grassroots level. This initiative in Itawa Bhopji reflects our belief that every child deserves a safe environment and the tools to learn, and every family deserves access to safe water.” 

Manik Garg, Managing Director, Saatvik Green Energy Limited, said: “True progress is measured by the positive change we bring to people’s everyday lives. These projects are a small step in ensuring that rural communities have the same access to safety, education, and clean water as urban areas. For us, CSR is a vital responsibility.”

The event was attended by BJP District President Mr. Jitendra Shekhawat, Mr. Mukesh Singh from Mayur Uniquoters, Principal Mrs. Indira Dhankad, the teaching staff, over 300 students, and villagers from Itawa Bhopji. Special appreciation was extended to Sarpanch Mrs. Sunita Rajkumar Saini, Mr. Rajkumar Saini, and teacher Mr. Kaluram Ji for their active role in ensuring the projects’ success.

Through these initiatives, Saatvik Green Energy Limited reaffirms its commitment to rural welfare and sustainable development, ensuring that its CSR efforts leave a positive impact on the communities it serves.

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More than a Collaboration—A Shared Purpose

The journey began with an impromptu conversation between SGEL’s Chairman and Managing Director, Neelesh Garg; Managing Director, Manik Garg; and Chief Executive Officer Prashant Mathur. What started as a casual discussion about resonance and representation, quickly evolved into a purposeful decision. Kartik Aaryan, known for his grounded persona, relatable storytelling, and aspirational yet rooted appeal, emerged as a perfect reflection of what Saatvik stands for.

Neelesh Garg, Chairman and Managing Director, SGEL said: “We saw that same integrity, hard work, and humility in Kartik’s journey—from Gwalior to global stardom. That’s when we knew—it wasn’t a pitch, it was a purpose.”

Manik Garg, Managing Director, Saatvik Green Energy Limited, said, “As we step into a new decade of our journey, Kartik Aaryan becomes not just the face of the brand, but the voice of this belief. With Kartik, we aim to inspire people to choose a cleaner, better, more self-reliant tomorrow.”

Kartik Aaryan said: “I’m excited to be part of the Saatvik brand. As someone who believes in responsible choices, whether in life or work, this association feels natural. Clean energy is not just a necessity—it’s a shared responsibility. I’ve always believed in backing missions rooted in integrity and I’m looking forward to this wonderful collaboration.”

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