Saatvik Green Energy Limited has informed the Exchange regarding Cessation of Vaibhav Bhardwaj as Chief Operating Officer of the company w.e.f. April 23, 2026.
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On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.0 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Saatvik Green Energy Limited announced two new appointments effective April 23, 2026: Ms. Jyoti Verma as Company Secretary and Compliance Officer, and Mr. Rishabh Mehtta as Interim Chief Financial Officer. Ms. Verma brings over 20 years of experience in corporate laws and SEBI regulations, having previously served at EPACK Durable Limited. Mr. Mehtta is a Chartered Accountant and CFA Charter holder with over ten years of experience, including work with C.B. Chhajed & Co. and the IPO listing team of Tara Jewels Ltd. Concurrently, Mr. Vaibhav Bhardwaj, Chief Operating Officer, will cease to be Senior Management Personnel of the company effective April 30, 2026, as he is being transferred to Saatvik Solar Industries Private Limited, a wholly owned subsidiary of the company.
The departure of the COO through internal transfer to a subsidiary may raise questions about management continuity, though it does not appear to be a resignation. The interim CFO appointment suggests the CFO position was vacant, which could indicate some administrative transition challenges for investors to monitor.