Sahaj Solar Plans 750 MW Solar Panel Plant in UAE with Strategic Partner

Sahaj Solar Ltd. has approved a proposal to establish a 750 MW solar panel manufacturing facility in the United Arab Emirates through a step-down subsidiary in partnership with a strategic partner, according to a regulatory filing with the National Stock Exchange of India.

The decision was taken during the company’s Board meeting held recently. Initially, the Phase-I manufacturing plant with a capacity of 750 MW was planned to be set up in India. However, after evaluating market conditions and global pricing advantages, the company decided to pursue the project from the UAE to leverage economic and strategic benefits available in international markets.

To facilitate the project, the board approved the incorporation of a step-down subsidiary in the UAE. The proposed entity, tentatively named Sahaj Energy Solar Panels Manufacturing L.L.C. (or any other name approved by authorities), will be incorporated through the company’s wholly owned subsidiary Sahaj Renewable Energy Trading – FZCO. The subsidiary is expected to operate in the energy sector and focus on solar panel manufacturing activities.

Under the proposal, Sahaj Renewable Energy Trading – FZCO will hold 51 percent shareholding in the new entity. The investment will be made through cash consideration, with a proposed subscription of AED 51,000, representing 51 shares of AED 1,000 each. The incorporation and operations will be subject to necessary regulatory approvals under both UAE and Indian laws.

Apart from the international expansion plan, the board also approved several corporate governance decisions. The company appointed Yagnavalkya Munindrabhai Joshi as Company Secretary and Compliance Officer with effect from March 7, 2026. Joshi is an Associate Member of the Institute of Company Secretaries of India with over ten years of experience in corporate law, SEBI regulations, and compliance management.

The board also appointed Richi Prerak & Associates, a peer-reviewed firm of practicing company secretaries, as the Secretarial Auditor for the financial year 2025-26.

Additionally, the company reconstituted its Audit Committee. The revised committee will be chaired by Niren Gautambhai Dalal, an independent director, with Dilip Balshanker Joshi, Amita Jatin Parikh, and Managing Director Pramit Bharatkumar Brahmbhatt serving as members.

The board also took note of the resignation of Poonam Pravinbhai Panchal from the position of Company Secretary and Compliance Officer, which had been earlier communicated to the stock exchange on February 26, 2026.