Saatvik Green Energy MD, chairman, board of directors and AGM
NSE: SAATVIKGLBSE: 544526Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹363.65.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹4,475 Cr755th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Owners' profit not stated
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 20 May 2026
- 3.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 15.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 20 May 2026
- 0.65
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 90,44341.1% delivered
Saatvik Green Energy board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.
- Chairperson and managing directorNeelesh GargRelated to the promoter
- Managing directorManik Garg
- Company Secretary and Compliance OfficerJyoti Verma
6 directors3 independent2 executive1 non-executive
- Neelesh Garg · Chairperson and managing directorExecutive · joined Nov 2015 · reappointed Oct 2024 · 1 listed board · 1 committee seat
- Manik Garg · Managing directorExecutive · joined Jan 2022 · reappointed Oct 2024 · 1 listed board · 1 committee seat
- Manavika GargNon-executive · joined Sep 2024 · reappointed Sep 2024 · 1 listed board
- Sudhir Kumar BassiIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
- Narendra MairpadyIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 2 as chair
- Ritu LalIndependent · joined Dec 2025 · reappointed Dec 2025 · 6 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Sarita Rajesh Zele, left 29 Oct 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 20 May 20266 of 6 present3 independent · 26 days in between
- 23 Apr 20265 of 6 present3 independent · 77 days in between
- 4 Feb 20266 of 6 present3 independent
Audit Committee
Chair Sudhir Kumar Bassi
Narendra Mairpady, Manik Garg
- 20 May 20263 of 3 present2 independent · 26 days in between
- 23 Apr 20263 of 3 present2 independent · 77 days in between
- 4 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Narendra Mairpady
Sudhir Kumar Bassi, Manavika Garg, Ritu Lal
- 23 Apr 20263 of 4 present3 independent
Stakeholders Relationship Committee
Chair Narendra Mairpady
Sudhir Kumar Bassi, Neelesh Garg
- 4 Feb 20263 of 3 present2 independent
Risk Management Committee
Chair Neelesh Garg
Prashant Mathur, Sudhir Kumar Bassi
- 4 Feb 20262 of 2 present1 independent
Corporate Social Responsibility Committee
Chair Manik Garg
Neelesh Garg, Narendra Mairpady, Ritu Lal
- 20 May 20264 of 4 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditors
Named in the results for the quarter to Mar 2026.
- Suresh Surana and Associates LLPPeer-review certificate valid to Mar 2028
- TAMS and Co.Peer-review certificate valid to Feb 2029
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Saatvik Green Energy AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Saatvik Green Energy share news and announcements
Annual general meeting, 24 Sep 2026
70,193 shareholders on the register on 17 Sep 2026; present: 6 promoters and 36 others; votes counted by Mr. Sunny Gogiya / M/s. SGGS and Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 95.95% · promoters 100.00% · institutions 99.41% · other public 69.42%
- To appoint a director in place of Mr. Neelesh Garg (DIN: 07282824), Chairman and Managing Director, who retires by rotation and being eligible has offered himself re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 95.95% · promoters 100.00% · institutions 99.41% · other public 69.42%
- Ratification of remuneration of the Cost Auditor for the Financial Year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 95.95% · promoters 100.00% · institutions 99.41% · other public 69.42%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 16 Jan 2026, 3 resolutions
83,032 shareholders on the register on 12 Jan 2025; votes counted by Mr. Sunny Gogiya / M/s. SGGS and Associates.The company's voting result (opens in a new tab)
- Appointment of Ms. Ritu Lal (DIN 06927001) as an Independent Woman Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 94.16% · promoters 100.00% · institutions 94.23% · other public 89.94%
- Ratification of Saatvik Green Energy Limited Employee Stock Option Scheme- 2024 of the CompanySpecial90.72% for9.28% against
Against: promoters 0.00% · institutions 93.15% · other public 0.00%
Turnout: all 94.16% · promoters 100.00% · institutions 94.23% · other public 89.94%
- Ratification of Saatvik Green Energy Limited Employee Stock Option Scheme- 2024 extended to the eligible employees of the Group Company(ies) including subsidiary(ies).Special90.72% for9.28% against
Against: promoters 0.00% · institutions 93.15% · other public 0.00%
Turnout: all 94.16% · promoters 100.00% · institutions 94.23% · other public 89.94%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 24 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
1 for0 against- To appoint a director in place of Mr. Neelesh Garg (DIN: 07282824), Chairman and Managing Director, who retires by rotation and being eligible has offered himself re-appointment1 for0 against
- Ratification of remuneration of the Cost Auditor for the Financial Year 2026-27.1 for0 against
Mutual fund votes, meeting of 16 Jan 2026, 4 fund houses
- Appointment of Ms. Ritu Lal (DIN 06927001) as an Independent Woman Director of the Company4 for0 against
- Ratification of Saatvik Green Energy Limited Employee Stock Option Scheme- 2024 of the Company
Against Bandhan Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosures regarding the Exercise Price. NRC discretion to determine Exercise Price. Governance concern: Potential economic benefits to a single employee appear to be excessive.
- HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
- Mirae Asset Mutual FundIn the absence of clarity on the exercise price, we are unable to support the resolution.
- Nippon India Mutual FundGovernance Concern: Potential economic benefits to a single employee appears to be disproportionate and excessive. Transparency concern: No clarity on post-employment exercise period.
0 for4 against - Ratification of Saatvik Green Energy Limited Employee Stock Option Scheme- 2024 extended to the eligible employees of the Group Company(ies) including subsidiary(ies).
Against Bandhan Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual FundInterlinked with Resolution #2; Transparency concern: Extension of scheme to group companies without compelling reasons / justifications and no provision for cost reimbursement.
- HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
- Mirae Asset Mutual FundIn the absence of clarity on the exercise price, we are unable to support the resolution.
- Nippon India Mutual FundTransparency Concern: Scheme benefit extended to group Companies without affirmation on cost reimbursement provision.
0 for4 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtMelcon Transformers and Electricals Private LimitedSince 23 Apr 2026
80.00% bought in the quarter; holding 80.00%, from 0.00%
- Tax disputeCommissioner of Customs, Custom House, LudhianaSince 25 Mar 2025Appeal is now listed for 04.08.2026At the filing before: Appeal is pending for listing. Next Hearing is Scheduled for 05.05.2026
- Tax disputeAssistant Commissioner of Customs, Customs House, Mundra, GujaratSince 12 Aug 2022Appeal was filed on 12.09.2022 which inadvertently got mentioned as 12.08.2022; Pending for ListingAt the filing before: Pending for Listing
- Tax disputePrincipal Commissioner of Custom, MundraSince 21 Apr 2025Appeal is now listed for hearing on 03.08.2026At the filing before: It was listed for hearing on 16.03.2026, next date of hearing is yet to be updated on the portal.
- Tax disputePrincipal Commissioner of Custom, MundraSince 21 Apr 2025Appeal is now listed for hearing on 03.08.2026At the filing before: It was listed for hearing on 16.03.2026, next date of hearing is yet to be updated on the portal.
- Tax disputeSuperintendent, Custom Commissionerate mundraSince 7 May 2025Matter remanded back for passing of speaking orderAt the filing before: Pending for Listing
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.