Subsidiary Znshine gets ALMM approval for 1.552 GW solar module capacity

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SOLARWORLD · price

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

-1.2%Reaction day

₹273.40

prior close

₹275.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-1.3% vs market

Civil Construction peers, median of 97sector+0.2%-1.5% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.3

15m

-0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.1-1.3+0.2-1.5

Next day

-0.0-0.5+0.5+0.0-0.0

-3.2-1.0-2.2-0.5-2.7

+0.6-1.8+2.4-1.7+2.3

+0.3-1.8+2.2-1.7+2.0

+0.4-0.4+0.9-1.3+1.7

+2.4+0.7+1.7+0.1+2.3

15d

+0.6-3.9+4.5-6.3+7.0

-11.5-9.4-2.1-12.2+0.7

-25.4-4.1-21.2-10.8-14.6

-46.8-16.1-30.7-22.7-24.1

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Solarworld Energy Solutions' wholly owned subsidiary Znshine Solarworld has been enlisted under List-I of the ALMM Order 2019 by the Ministry of New and Renewable Energy. The approval covers 1.552 GW of annual solar PV module capacity and is valid till December 21, 2029. With this enlistment, Znshine can now supply solar panels to grid connected projects in India, opening a major revenue opportunity.

Likely market impact

Positive. Subsidiary can now supply panels to grid projects in India, expanding market access and revenue potential.