Sahaj Solar Board Approves UAE Subsidiary to Develop 750 MW Solar Manufacturing Facility

Sahaj Solar Limited has announced several key corporate decisions following a meeting of its Board of Directors held on March 7, 2026, including leadership appointments and plans to establish an international manufacturing presence through a subsidiary in the United Arab Emirates.

The company informed the National Stock Exchange of India that the board approved the appointment of Yagnavalkya Munindrabhai Joshi as the new Company Secretary and Compliance Officer, effective immediately. Joshi brings more than a decade of experience in corporate secretarial practices and regulatory compliance. He is an Associate Member of the Institute of Company Secretaries of India and holds a Master of Commerce degree along with membership in the Chartered Institute for Securities & Investment in London.

The board also approved the appointment of Richi Prerak & Associates, a firm of practicing company secretaries, as the Secretarial Auditor for the financial year 2025–26. The firm specializes in corporate law advisory, secretarial audits, compliance with SEBI regulations, and other governance-related services.

In a governance update, the board approved the reconstitution of its Audit Committee following the induction of Niren Gautambhai Dalal, a Non-Executive Independent Director, who will serve as the committee’s chairman. The revised committee includes Dilip Balshanker Joshi, Amita Jatin Parikh, and Managing Director Pramit Bharatkumar Bramhbhatt as members.

The board also formally took note of the resignation of Poonam Pravinbhai Panchal from the position of Company Secretary and Compliance Officer, as previously communicated by the company on February 26, 2026.

UAE Manufacturing Expansion

In a strategic development aimed at strengthening its global manufacturing footprint, Sahaj Solar’s board approved a proposal to establish a step-down subsidiary in the United Arab Emirates to support the development of a 750 MW solar panel manufacturing facility.

The project was initially proposed to be developed in India. However, after evaluating prevailing market conditions and global cost advantages, the company decided to explore setting up the facility through a strategic partnership in the UAE.

The proposed subsidiary, tentatively named Sahaj Energy Solar Panels Manufacturing L.L.C., will operate under Sahaj Renewable Energy Trading – FZCO, the company’s wholly owned subsidiary.

Under the proposed structure, Sahaj Renewable Energy Trading – FZCO will hold 51% equity in the new entity, with an initial investment of AED 51,000, representing 51 shares valued at AED 1,000 each. The incorporation and project development will be subject to the necessary regulatory approvals under both Indian and UAE laws.