Sahaj Solar To Set Up 750 MW Solar Panel Manufacturing Plant In UAE, Shifts Expansion Strategy Overseas

Ahmedabad-based Sahaj Solar Limited has announced a major change in its manufacturing strategy by deciding to set up a large solar panel plant in the United Arab Emirates instead of India. The decision was taken during the company’s Board of Directors meeting held on March 7, 2026. The new project will have a planned manufacturing capacity of 750 MW and is aimed at taking advantage of better global pricing conditions and a favorable business environment in the UAE.

As part of this expansion plan, the company will create a new step-down subsidiary named Sahaj Energy Solar Panels Manufacturing L.L.C. This new entity will operate under the company’s existing wholly owned subsidiary, Sahaj Renewable Energy Trading – FZCO. The subsidiary will hold a 51 percent stake in the new venture. The initial investment planned for the establishment of the company is 51,000 AED. Through this structure, Sahaj Solar aims to build its international manufacturing presence and improve its ability to serve global markets.

Earlier, Sahaj Solar had planned to set up the first phase of the 750 MW solar panel manufacturing plant in India. However, after reviewing the market conditions and partnership opportunities, the board concluded that establishing the facility in the UAE would offer stronger market positioning and better economic advantages. The move reflects the company’s strategy to expand beyond the domestic market and participate more actively in international solar supply chains.

Along with the manufacturing decision, the company also announced several leadership and governance updates. Mr. Yagnavalkya Munindrabhai Joshi has been appointed as the new Company Secretary and Compliance Officer with immediate effect. He has more than ten years of professional experience and holds qualifications from institutions in India as well as London. He replaces Ms. Poonam Pravinbhai Panchal, whose resignation was accepted and recorded by the board during the meeting.

The company has also appointed M/s. Richi Prerak & Associates as the Secretarial Auditor for the financial year 2025–26. In addition, the Audit Committee of the company has been reconstituted to strengthen governance and oversight. Mr. Niren Gautambhai Dalal, who serves as a Non-Executive Independent Director, has been appointed as the Chairman of the Audit Committee.

These decisions highlight Sahaj Solar’s efforts to strengthen its corporate governance structure while preparing for international growth. The board meeting lasted for around four hours and concluded with approvals for all the proposed measures. The company stated that the changes are also aimed at ensuring continued regulatory compliance under the guidelines of the Securities and Exchange Board of India as it moves into the next stage of its expansion.