Subsidiary wins INR 17.99 crore solar module order

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.9% vs market

Other Electrical Equipment peers, median of 42sector+0.3%+1.1% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.1 pts more 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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AI summary

Material subsidiary Saatvik Solar Industries received and accepted a domestic order worth INR 17.99 crore from a renowned independent power producer for solar PV modules. It is a repeated order, scheduled for execution by end-December 2025. The promoter group has no interest in the customer, and it is not a related-party transaction.

Likely market impact

The contract adds near-term revenue visibility for the subsidiary, but no margin, payment terms or profit impact was disclosed.