Solarworld Energy Solutions MD, chairman, board of directors and AGM
NSE: SOLARWORLDBSE: 544532ConstructionSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹112.60.
- 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.
- ₹942 Cr1,219th 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. The filing of 14 Aug 2026
- 8.0
- 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 26 May 2026
- 1.1
- 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
- ROEReturn on equity. Profit over 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, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 14 Aug 2026
- 13.8%
- 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
- 13.0%
- 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 26 May 2026
- 0.30
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,20,03138.1% delivered
Solarworld Energy Solutions board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorKartik TeltiaRelated to the promoter
- Company Secretary and Compliance OfficerVarsha Bharti
9 directors5 independent1 executive3 non-executive
- Kartik Teltia · Chairperson and managing directorExecutive · joined Jul 2013 · 1 listed board · 2 committee seats
- Rishabh JainNon-executive · joined Jul 2013 · 1 listed board
- Sushil Kumar JainNon-executive · joined Mar 2024 · 1 listed board · 2 committee seats
- Mangal Chand TeltiaNon-executive · joined Sep 2021 · 1 listed board
- Ramakant PattanaikIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 3 committee seats
- Rajiv GuptaIndependent · joined May 2026 · reappointed May 2026 · 2 months as independent · 1 listed board · 1 as independent
- Upendra GoyalIndependent · joined May 2026 · reappointed May 2026 · 2 months as independent · 1 listed board · 1 as independent
- Ritu HastirIndependent · joined May 2026 · reappointed May 2026 · 2 months as independent · 1 listed board · 1 as independent
- Subhash Kumar ChangoiwalaIndependent · joined May 2026 · reappointed May 2026 · 2 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
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
- Rini Chordia, left 27 May 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 May 20267 of 10 present3 independent · 24 days in between
- 1 May 20266 of 6 present2 independent · 45 days in between
- 16 Mar 20264 of 6 present1 independent · 46 days in between
- 28 Jan 20264 of 6 present2 independent · 13 days in between
1 earlier meeting
- 14 Jan 20263 of 6 present1 independent
Audit Committee
Chair Subhash Kumar Changoiwala
Ramakant Pattanaik, Kartik Teltia
- 26 May 20263 of 3 present2 independent · 28 days in between
- 27 Apr 20263 of 3 present2 independent · 88 days in between
- 28 Jan 20263 of 3 present2 independent · 13 days in between
- 14 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Ramakant Pattanaik
Subhash Kumar Changoiwala, Sushil Kumar Jain
- 26 May 20263 of 3 present2 independent · 24 days in between
- 1 May 20263 of 3 present2 independent · 13 days in between
- 17 Apr 20262 of 3 present2 independent · 78 days in between
- 28 Jan 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair Subhash Kumar Changoiwala
Ramakant Pattanaik, Kartik Teltia
- 28 Jan 20263 of 3 present2 independent
Risk Management Committee
Chair Kartik Teltia
Subhash Kumar Changoiwala, Ramakant Pattanaik
- 28 Jan 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Kartik Teltia
Rishabh Jain, Ramakant Pattanaik
- 26 May 20263 of 3 present1 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.
- SS KOTHARI MEHTA & Co. LLPPeer-review certificate valid to Aug 2028
- DARPN & Co.Peer-review certificate valid to Aug 2028
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.
Solarworld Energy Solutions 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.Solarworld Energy Solutions share news and announcements
Annual general meeting, 30 Sep 2026
49,453 shareholders on the register on 23 Sep 2026; present: 4 promoters and 60 others; votes counted by CS Sandhya R. Malhotra / M/s. Manish Ghia & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: i. 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 ii. 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 81.24% · promoters 100.00% · institutions 95.45% · other public 31.64%
- To appoint Mr. Mangal Chand Teltia (DIN: 00002186), Director who retires by rotation in terms of Section 152 of the Companies Act, 2013 and who being eligible offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 15.35% · promoters 0.00% · institutions 95.45% · other public 31.28%
- To consider and ratify the remuneration payable to the Cost Auditors of the Company for the Financial Year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.24% · promoters 100.00% · institutions 95.45% · other public 31.64%
- To approve enhancement of borrowing limits under Section 180(1)(c) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.24% · promoters 100.00% · institutions 95.45% · other public 31.64%
- To approve creation of charges on the assets of the Company to secure borrowings under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.24% · promoters 100.00% · institutions 95.45% · other public 31.64%
- To approve enhancement of the limits for making investments, extending loans, providing guarantees and creating securities under Section 186 of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.24% · promoters 100.00% · institutions 95.45% · other public 31.64%
- To consider and approve the variation in terms of objects as stated in the prospectus.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.24% · promoters 100.00% · institutions 95.45% · other public 31.64%
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, 13 Jun 2026, 13 resolutions
40,702 shareholders on the register on 8 May 2026; votes counted by Sandhya R. Malhotra / M/s Manish Ghia & Associates.The company's voting result (opens in a new tab)
- To approve the appointment of Mr. Rajiv Gupta (DIN: 09715290) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.01% · promoters 51.33% · institutions 65.72% · other public 37.83%
- To approve the appointment of Ms. Ritu Hastir (DIN: 11671118) as an Independent Director of the CompanySpecial98.68% for1.32% against
Against: promoters 0.00% · institutions 8.45% · other public 0.01%
Turnout: all 50.01% · promoters 51.33% · institutions 65.72% · other public 37.83%
- To approve the appointment of Mr. Subhash Kumar Changoiwala (DIN: 00015235) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.01% · promoters 51.33% · institutions 65.72% · other public 37.83%
- To approve the appointment of Mr. Upendra Goyal (DIN:11519908) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.01% · promoters 51.33% · institutions 65.72% · other public 37.83%
- To approve the alteration of the Object Clause of the Memorandum of Association (MOA) of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.01% · promoters 51.33% · institutions 65.72% · other public 37.83%
- To approve Material Related Party Transactions to be entered by the Company with Pioneer Facor IT Infradevelopers Private Limited, Corporate Promoter of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 16.25% · promoters 0.00% · institutions 65.72% · other public 37.83%
- To approve Material Related Party Transactions to be entered by the Company with Mr. Kartik Teltia, Promoter and Managing Director of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 16.25% · promoters 0.00% · institutions 65.72% · other public 37.83%
- To approve Material Related Party Transactions to be entered by the Company with Mr. Rishabh Jain, Promoter and Director of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 16.25% · promoters 0.00% · institutions 65.72% · other public 37.83%
- To approve Material Related Party Transactions to be entered by the Company with Mr. Sushil Kumar Jain, Promoter and Director of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 15.59% · promoters 0.00% · institutions 60.17% · other public 37.83%
- To approve Material Related Party Transactions to be entered by the Company with Mr. Mangal Chand Teltia, Promoter and Director of the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 16.25% · promoters 0.00% · institutions 65.72% · other public 37.83%
To approve Material Related Party Transaction(s) to be entered between ZNShine Solarworld Private Limited (ZNSHINE), wholly owned subsidiary of the Company and Pioneer Facor IT Infradevelopers Private Limited (PFIPL), Mr. Kartik Teltia and Mr. Rishabh Jain (Related Parties)MoreLess
OrdinaryPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 16.25% · promoters 0.00% · institutions 65.72% · other public 37.83%
To approve Material Related Party Transaction(s) to be entered between Kartik Solarworld Private Limited (KSPL), wholly owned subsidiary of the Company and Pioneer Facor IT Infradevelopers Private Limited (PFIPL), Mr. Kartik Teltia and Mr. Rishabh Jain (Related Parties)MoreLess
OrdinaryPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 16.25% · promoters 0.00% · institutions 65.72% · other public 37.83%
To approve Material Related Party Transaction(s) to be entered between Solarworld BESS ONE Private Limited (BESS), wholly owned subsidiary of the Company and Pioneer Facor IT Infradevelopers Private Limited (PFIPL), Mr. Kartik Teltia and Mr. Rishabh Jain (Related Parties)MoreLess
OrdinaryPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 16.25% · promoters 0.00% · institutions 65.72% · other public 37.83%
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.
Annual general meeting, 28 Nov 2025, 10 resolutions
38,783 shareholders on the register on 21 Nov 2025; present: 1 promoter and 31 others; votes counted by CS Sandhya R Malhotra / M/s. Manish Ghia & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt i. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and the Auditors thereon; ii. and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 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 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
- To appoint Mr. Sushil Kumar Jain (DIN: 00002069), Director who retires by rotation in terms of Section 152 of the Companies Act, 2013 and who being eligible offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.87% · promoters 100.00% · institutions 65.83% · other public 21.12%
- To appoint Secretarial Auditor of the Company for a term of five consecutive yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
- To consider ratification of remuneration of Cost Auditors of the Company for the Financial Year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
- To approve the increase in the borrowing limits under Section 180(1)(c) of the Companies Act, 2013Special98.46% for1.54% against
Against: promoters 0.00% · institutions 12.81% · other public 0.00%
Turnout: all 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
- To approve the power for creation of charge on the assets of the Company to secure borrowings up to Rs. 1,000 Crores pursuant to section 180(1)(a) of the Companies Act, 2013Special98.46% for1.54% against
Against: promoters 0.00% · institutions 12.81% · other public 0.00%
Turnout: all 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
- To ratify the scheme of ‘SOLARWORLD EMPLOYEE STOCK OPTION PLAN 2024’ (ESOP 2024/SCHEME)Special98.46% for1.54% against
Against: promoters 0.00% · institutions 12.81% · other public 0.00%
Turnout: all 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
To consider and ratify the extension of the benefits of the Solarworld Employee Stock Option Plan 2024 (“ESOP 2024/Scheme”) to the eligible employees of the subsidiary(ies) and/or associate company(ies), if any of the CompanyMoreLess
Special98.46% for1.54% againstAgainst: promoters 0.00% · institutions 12.81% · other public 0.00%
Turnout: all 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
- To authorise Company to charge for service of documents to members under Section 20 of the Companies Act, 2013Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.68% · promoters 100.00% · institutions 71.98% · other public 21.12%
- To consider and approve granting of Loan or Guarantee or providing Security in connection with any Loan to be taken by Zentrix PV Labs Private LimitedSpecialPromoters have an interest in it91.25% for8.75% against
Against: promoters 0.00% · institutions 12.81% · other public 0.00%
Turnout: all 14.02% · promoters 0.00% · institutions 71.98% · other public 21.12%
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 13 Jun 2026, 1 fund house
- To approve the appointment of Mr. Rajiv Gupta (DIN: 09715290) as an Independent Director of the Company1 for0 against
- To approve the appointment of Ms. Ritu Hastir (DIN: 11671118) as an Independent Director of the Company1 for0 against
- To approve the appointment of Mr. Subhash Kumar Changoiwala (DIN: 00015235) as an Independent Director of the Company1 for0 against
- To approve the appointment of Mr. Upendra Goyal (DIN:11519908) as an Independent Director of the Company1 for0 against
- To approve the alteration of the Object Clause of the Memorandum of Association (MOA) of the Company1 for0 against
- To approve Material Related Party Transactions to be entered by the Company with Pioneer Facor IT Infradevelopers Private Limited, Corporate Promoter of the Company1 for0 against
- To approve Material Related Party Transactions to be entered by the Company with Mr. Kartik Teltia, Promoter and Managing Director of the Company1 for0 against
- To approve Material Related Party Transactions to be entered by the Company with Mr. Rishabh Jain, Promoter and Director of the Company1 for0 against
- To approve Material Related Party Transactions to be entered by the Company with Mr. Sushil Kumar Jain, Promoter and Director of the Company1 for0 against
- To approve Material Related Party Transactions to be entered by the Company with Mr. Mangal Chand Teltia, Promoter and Director of the Company1 for0 against
To approve Material Related Party Transaction(s) to be entered between ZNShine Solarworld Private Limited (ZNSHINE), wholly owned subsidiary of the Company and Pioneer Facor IT Infradevelopers Private Limited (PFIPL), Mr. Kartik Teltia and Mr. Rishabh Jain (Related Parties)MoreLess
1 for0 againstTo approve Material Related Party Transaction(s) to be entered between Kartik Solarworld Private Limited (KSPL), wholly owned subsidiary of the Company and Pioneer Facor IT Infradevelopers Private Limited (PFIPL), Mr. Kartik Teltia and Mr. Rishabh Jain (Related Parties)MoreLess
1 for0 againstTo approve Material Related Party Transaction(s) to be entered between Solarworld BESS ONE Private Limited (BESS), wholly owned subsidiary of the Company and Pioneer Facor IT Infradevelopers Private Limited (PFIPL), Mr. Kartik Teltia and Mr. Rishabh Jain (Related Parties)MoreLess
1 for0 against
Mutual fund votes, meeting of 28 Nov 2025, 1 fund house
To receive, consider and adopt i. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and the Auditors thereon; ii. and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the report of the Auditors thereon.MoreLess
1 for0 against- To appoint Mr. Sushil Kumar Jain (DIN: 00002069), Director who retires by rotation in terms of Section 152 of the Companies Act, 2013 and who being eligible offers himself for re-appointment.1 for0 against
- To appoint Secretarial Auditor of the Company for a term of five consecutive years1 for0 against
- To consider ratification of remuneration of Cost Auditors of the Company for the Financial Year 2025-261 for0 against
- To approve the increase in the borrowing limits under Section 180(1)(c) of the Companies Act, 2013
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance & Transparency concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/justification provided for the proposed increase when the existing limit is significantly unutilized and as to how will the Company sustain the increased borrowing limits which is higher than the asset size and net worth of the Company.
0 for1 against - To approve the power for creation of charge on the assets of the Company to secure borrowings up to Rs. 1,000 Crores pursuant to section 180(1)(a) of the Companies Act, 2013
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance & Transparency concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/justification provided for the proposed increase when the existing limit is significantly unutilized and as to how will the Company sustain the increased borrowing limits which is higher than the asset size and net worth of the Company.
0 for1 against - To ratify the scheme of ‘SOLARWORLD EMPLOYEE STOCK OPTION PLAN 2024’ (ESOP 2024/SCHEME)
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosures regarding the Exercise Price. Governance concern: Potential economic benefits to a single employee appear to be excessive. Transparency concern: Separate Approval is required to be obtained for the extension of the scheme to employees of the holding company.
0 for1 against To consider and ratify the extension of the benefits of the Solarworld Employee Stock Option Plan 2024 (“ESOP 2024/Scheme”) to the eligible employees of the subsidiary(ies) and/or associate company(ies), if any of the CompanyMoreLess
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundInterlinked with Resolution #7; Extension of scheme to associate companies without compelling reasons / justifications and no provision for cost reimbursement.
0 for1 against- To authorise Company to charge for service of documents to members under Section 20 of the Companies Act, 20131 for0 against
- To consider and approve granting of Loan or Guarantee or providing Security in connection with any Loan to be taken by Zentrix PV Labs Private Limited
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundNon-Compliant with Section 185 of the Companies Act: Inadequate disclosures w.r.t. the particulars mandated u/s 185 of Companies Act, 2013. Transparency concern: No clarity whether the Company will undertake guarantee/charge obligations in proportion with ownership rights.
0 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyRevenue Department, Government of NCT of DelhiSince 7 May 2026
The Revenue Department, Government of NCT of Delhi, imposed a penalty of ₹5,000 for non-payment of stamp duty under the applicable provisions of the Indian Stamp Act, 1899 as applicable to the National Capital Territory of Delhi.
Non-payment of stamp duty - Tax disputeDirectorate of Revenue Inteligence (DRI), Regional Unit, ThiruvananathpuramSince 20 Jun 2025Closed vide Investigation Closure letter dated 25-Jun-2026 issued by Office of Commissioner of Customs (NS-V)At the filing before: Pending before Custom Authorities
- Tax disputeIncome Tax DepartmentSince 25 Mar 2024Pending before CIT (Appeals)
- Tax disputeSJVN Green Energy LimitedSince 24 Jan 2026Case under Arbitration
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
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- 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
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesNov 2024, checked by CRISIL Ratings Limited | 110.00 | Investment in the Subsidiary, Kartik Solarworld Private Limited for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the Pandhurana Project) | 8.32 | 0.00 | No |
| Preferential IssuesNov 2024, checked by CRISIL Ratings Limited | 110.00 | General Corporate Purposes | 101.68 | 101.68 | No |
| Public IssuesSep 2025, checked by CRISIL Ratings Limited | 440.00 | Investment in the Subsidiary, Kartik Solarworld Private Limited for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the Pandhurana Project) | 411.68 | 0.00 | No |
| Public IssuesSep 2025, checked by CRISIL Ratings Limited | 440.00 | Issue Expenses | 28.32 | 25.96 | No |