Sahaj Solar Incorporates Mauritius-Based Wholly-Owned Subsidiary Sahaj Energies Limited

Sahaj Solar Limited (SSL) has announced the incorporation of a new wholly-owned subsidiary in Mauritius as part of its international expansion strategy. The Ahmedabad-based solar energy company informed the National Stock Exchange (NSE) on February 24, 2026, under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

The newly formed entity, Sahaj Energies Limited, was officially incorporated on February 11, 2026. Sahaj Solar Limited holds 100% of the shareholding in the Mauritian company, making it a wholly-owned subsidiary. The investment has been made through cash consideration, with SSL subscribing to the entire paid-up share capital.

Sahaj Energies Limited has been incorporated with an initial paid-up capital of 10,000 Mauritius Rupees. The capital structure consists of 100 ordinary shares with a nominal value of 100 Mauritius Rupees each. As the company has only recently been set up, it has not yet commenced operations. Therefore, there is no turnover data available for the previous three years.

According to the exchange filing, the new subsidiary will operate in the electrical and trading sectors. Its primary activities will include manufacturing, electricity distribution, and control apparatus, particularly focusing on operations employing fewer than ten persons. In addition, the company will engage in import and export activities as part of its business model. The move is seen as a strategic step to strengthen SSL’s international footprint and explore new markets.

The disclosure also clarified that Sahaj Energies Limited is considered a related party due to the promoter group’s interest. However, Sahaj Solar Limited confirmed that the transaction was carried out at arm’s length. The company further stated that no specific government or regulatory approvals were required for the incorporation of the subsidiary.

SSL expects the full acquisition process to be completed within six months of the date of incorporation. The official communication to the stock exchange was signed by Pramit Bharatkumar Brahmbhatt, Managing Director of Sahaj Solar Limited, ensuring compliance with all regulatory and disclosure requirements.

With this development, Sahaj Solar Limited continues to expand its business operations beyond India, marking a new phase in its global growth strategy.