Intimation regarding execution of Licensing Agreement for Transfer of Technology (LAToT) - under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Solarium Green Energy has signed a 10-year non-exclusive technology licensing agreement with DRDO (through ARDE, Pune and DIHAR, Leh) on September 2, 2025, for solar thermal technology used in space heating of shelters in cold, high-altitude regions. The company paid a one-time technology transfer fee of ₹59.32 lakh (excluding taxes), with no royalty on defence/government sales and 2% royalty on other domestic or export sales. The technology replaces diesel-boiler heating (which used 18 litres of diesel per hour) and has already been validated over three winters in Ladakh. Solarium says it has already received a couple of orders for installation in Indian Army locations in Ladakh and expects more in the coming months. It has also hired Dr. Anshul Sachdeva, a PhD from NIT Kurukshetra with expertise in solar thermal systems, to lead this business vertical.
This gives Solarium a niche, government-backed foothold in solar thermal heating for defence and high-altitude applications, with limited competition since only a few companies have received this technology transfer. While revenue impact is not quantified, the exclusive-ish positioning with Indian Armed Forces orders could create a new growth segment for the company over the next 2–3 years, though dependence on government contracts remains a key risk.