Intimation regarding the execution of an agreement with M/s. WattPower Systems Private Limited
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Solarium Green Energy Ltd has signed a Regional Partner Agreement with WattPower Systems Private Limited on June 12, 2025. Under this deal, Solarium will act as the Regional Partner for the West Market, covering Maharashtra and Madhya Pradesh, for marketing, selling, and reselling WattPower's inverters and related services. The two companies are unrelated to each other's promoter groups, and no special rights (such as board seats or share subscription rights) have been granted. The transaction is not a related party deal, and no shares are being issued as part of the agreement. This continues an earlier intimation made on June 03, 2025, and is being disclosed under SEBI Listing Regulations.
This is a positive business development as it expands Solarium's product offering (inverters) into two key states, opening a new revenue stream through reselling and distribution. However, since this is a reseller/distribution arrangement rather than an equity joint venture or acquisition, the financial impact is likely incremental rather than transformative in the near term.