Sahaj Solar Limited has entered into a major financial agreement with the Indian Renewable Energy Development Agency Limited (IREDA) to support its renewable energy initiatives. The agreement, signed on December 18, 2025, formalizes a Medium-Term Loan facility of Rs. 125 Crores. This funding will be used to execute 15,000 solar pumps under the PM KUSUM Component-B and C schemes, as well as 300 off-grid solar photovoltaic (SPV) plant projects across Gujarat, Maharashtra, Rajasthan, and Punjab. The projects aim to enhance renewable energy adoption in these states and support farmers and rural communities with sustainable energy solutions.
The loan carries an interest rate of 10.90 percent per annum, which is calculated based on the highest rate in the solar sector plus 150 basis points, with a specific rebate applicable for KUSUM Component B projects. Interest will be charged on a monthly basis. The tenure of the facility is set at 18 months, with repayments structured into 12 monthly installments. The repayment schedule will commence from July 31, 2026, after a six-month grace period.
To secure the loan, Sahaj Solar Limited has provided IREDA with a detailed security package. This includes a bank guarantee or fixed deposit receipt equivalent to five percent of the loan amount and a second charge through a mortgage on all immovable properties related to the project. Additionally, the company has offered a first charge through hypothecation on all movable assets, current assets, and bank accounts associated with the project, including escrow and debt service reserve accounts. The loan is further supported by the assignment of rights to government approvals, project documents, insurance policies, and intellectual property. A personal guarantee from the company’s main promoter, Mr. Pramit Brahmbhatt, whose net worth is reported at Rs. 295.50 Crores, also backs the facility.
Sahaj Solar Limited is required to maintain a Trust and Retention Account (TRA) for payments received from implementing agencies and to provide a Demand Promissory Note for the full loan amount. This disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that the lender is a public limited government company and confirmed that the transaction does not involve any related party interests or share issuances.
This financial arrangement is expected to support Sahaj Solar Limited in implementing its renewable energy projects efficiently, contributing to India’s broader efforts to promote solar energy, strengthen energy access in rural regions, and achieve sustainable development goals. The funding from IREDA provides both financial backing and structured support to ensure timely execution and repayment, highlighting the government’s continued focus on renewable energy development across multiple states.
The initiative demonstrates Sahaj Solar Limited’s commitment to expanding solar energy infrastructure and supporting government schemes that aim to empower rural communities with clean and reliable energy solutions.
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