Solarworld Energy Solutions Limited has informed the Exchange about Investor Presentation
October 17, 2025
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544532
To, National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051. Scrip Code: SOLARWORLD
Sub: Intimation of Investor Presentation for the quarter ended June 30, 2025
This is in continuation to our letter dated October 14, 2025 wherein we had informed regarding an Earnings Call scheduled with Analysts / Investors on Friday, October 17, 2025 at 6:30 P.M. (IST) to discuss the Un-Audited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2025 (Q1 Results).
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Investor Presentation for the said Earnings Call.
This is for your information and records.
Thanking you.
Yours faithfully, For Solarworld Energy Solutions Limited (Formerly known as Solarworld Energy Solutions Private Limited)
Varsha Bharti Company Secretary and Compliance Officer Membership No.: A37545
Encl.: A/a
Solarworld Energy Solutions Limited
Investor Presentation | Q1FY26
Safe Harbor Statement
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Solarworld Energy Solutions Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
2
Company Overview
Milestones that define our Growth Story
2013 Incorporation of the Company
2015 Completion of first 10 MW grid connected solar power plant in Telangana
2020 Completion of first 10 MW AC / 14 MW DC ground mount solar capacity project
•
2024 into an equity
co-operation Entered agreement with ZNSHINE PV-Tech Co Limited, a company based in China, to manufacture solar photovoltaic solar panels
• Converted to a public limited company
2014
Completion of first 500 solar KWp power plant in Noida
2017
2023
•
•
Secured government rooftop solar project as the successful bidder for end-to-end design, engineering, supply, installation, and O&M across multiple Indian states. Expanded reach to Rajasthan, Haryana, Uttarakhand, New Delhi and Himachal Pradesh
• Completion of the first 75 MW / 105 MW DC for SJVN Green Energy Limited
2025 • Awarded 125 MW / 250 MWh BESS project under Tariff- Based Global Competitive Bidding, with an additional Green Shoe option of 125 MW / 250 MWh and viability gap funding support under the BOO model from a government organization.
• Received contract award for 325 MW solar EPC project (part of a 650 MW program) at Bikaner, Rajasthan, covering testing, commissioning, and three-year O&M for Block 1
civil works,
design,
supply,
4
Successful IPO Listing
Overwhelming subscription of 68.5 times
Shareholding Pattern As on 29th September 2025 (Post Issue)
September 2025
o
o
o
Listing done on BSE & NSE
IPO Price: ₹ 351 per share
Listing Price: NSE ₹ 388.50 per share BSE ₹ 389.00 per share
o Net Proceeds of the Fresh Issue & Pre- IPO: ₹ 5,216.78 Mn (Gross Proceeds of ₹ 5,500 Mn less estimated issue expenses of ₹ 283.22 Mn)
towards
o Objects of the Issue: Net Proceeds will be the utilized Subsidiary, KSPL for part financing the establishment of the Pandhurana Project and general corporate purposes.
Investment
in
Solarworld Listing done at Valuation of ~ ₹ 30,422 Mn based on Upper price band on 30th Sep 2025
17.1%
3.4%
13.8%
65.7%
Promoter & Promoter Group
FII
DII
Other Public
IPO Subscription
Category
Times Subscribed
QIB
NII
RII
Total
74.24x
68.21x
51.69x
68.49x
5
End to End Solar and Storage Solutions
Solutions Offered Through Two Distinct Models
End-to end Solutions on a Turn-key Basis Ownership of the projects vests with the customer itself
CAPEX Model
Under the CAPEX model, we provide end-to-end solutions by designing, installing, setting up and commissioning the solar power projects on a turn-key basis for our customers, while the ownership of the solar power projects vests with the customer itself.
Operations & Maintenance (O&M) – offered under both models
No capital investment required by power purchaser
RESCO (Renewable Energy Service Company) Model
Under the RESCO model, the investment includes land acquisition, equipment procurement and installation, and obtaining necessary regulatory and statutory approvals from local authorities.
A Leading provider of Solar EPC and Clean Energy Solutions, driving India's energy transition through advanced Solar and Storage Solutions.
The Company operates across the Solar EPC, Module Manufacturing, Battery Energy Storage (BESS), and IPP segments, offering a complete “design-to-delivery” energy solutions for PSUs, Industrial, and Commercial clients.
Our Portfolio
46 / 8 Completed / Ongoing projects
253.67 MW AC/ 336.17 MW DC Total Capacity of Completed Projects
765 MW / AC 994 MW / DC Ongoing Projects Capacity for EPC
325 MW 650 MWh Ongoing Projects Capacity for BESS
6
Integrated EPC Framework
ENGINNERING & Design
PROCUREMENT
CONSTRUCTION
Site Assessment
Feasibility Studies
System Sizing & Layout
Structural & Electrical Design
Permitting & Approvals
Strategic Sourcing
Cost Efficiency
Logistics & Supply Chain Management
Site Preparation
Module Installation
Electrical Work
Safety & Quality Assurance
Testing & Commissioning
Development of Solar Projects is a Detailed and Extensive Process
~12-18 Months Process
~12-18 Months Process
Conceptualization
Engineering
Procurement
Construction
Commissioning
Regulatory approvals
7
Robust Order Book and Growth Visibility
Emphasis on quality execution and customer management: Leading to consistent growth in the Company’s Order Book
Ongoing Projects (As on 31 July, 2025)
₹ Mn
25,278.14
Name of Customer
State
Type of Project
O&M
SJVN Green Energy Limited
Gujarat
Ground Mounted / CAPEX
Included
17,005.51
SJVN Green Energy Limited
Assam
Ground Mounted / CAPEX
Included
SJVN Green Energy Limited
Gujarat
Ground Mounted / CAPEX
Included
8,130.41
5,350.06
FY2023
FY2024
FY25
As on 31st July, 2025
Ortusun Renewable Power Private Limited*
Maharashtra
Ground Mounted / RESCO
Included
NTPC Renewable Energy Limited
NTPC Limited
Rajasthan
Ground Mounted / CAPEX
Included
Madhya Pradesh
Ground Mounted / CAPEX
Included
Rajasthan Urja Vidyut Nigam Limited
Rajasthan
BESS
Gujarat Urja Vikas Nigam Limited
Rajasthan
BESS
N.A
N.A
Capacity (MW/AC)
260 MW AC 370 MW DC
100 MW AC 142 MW DC
50 MW AC 68 MW DC
10 MW AC 12 MW DC
325 MW AC 376 MW DC
20 MW AC 26 MW DC
125 MW/ 250 MWh
200 MW/ 400 MWh
8
Project Showcase – Delivering High EPC Performance Projects
75 MW AC/ 99 MW DC Parasan Project (Completed Project)
Switchyard
PV Module
9
Project Showcase – Modules Factory
Module Factory at Roorkee, Haridwar
10
Visionaries Driving the Business Forward…
The Promoters and Directors have Played a Significant Role in the Development and Growth of the Company...
Kartik Teltia | Managing Director
Sushil Kumar Jain | Non-Executive Director
• Post-graduation programme in management from the Indian
• Bachelor’s degree in commerce from the University of
School of Business
• Bachelor’s degree in commerce from the University of Delhi
and Member of the Institute of Chartered Accountants of India • Previously associated with Pioneer E-Services Private Limited
for a period of over 2 years
Rajasthan
• Member of the Institute of Chartered Accountants of India • Managing Partner of Sushil Jeetpuria and Company, and the
proprietor of Pioneer Industries
• Over 34 years of experience in financial and taxation matters
Rishabh Jain | Whole – Time Director
Ramakant Pattanaik | Independent Director
• Bachelor’s degree in commerce from the University of Delhi • Member of the Institute of Chartered Accountants of India • 11 years of association with Solarworld Energy Solutions
Limited
• Master of Science in defence studies, Master of Philosophy in defence and strategic studies from the University of Madras
• Served in the Indian Navy for a period of 37 years and has
retired as the vice-admiral of the Indian Navy
• Recipient of Param Vishisht Seva Medal & Ati Vishisht Seva
Medal
Mangal Chand Teltia | Non-Executive Director
Rini Chordia | Chairperson and Independent Director
• Bachelor’s degree in commerce from the University of
Rajasthan
• Member of the Institute of Chartered Accountants of India • Previously associated with Autometers Alliance Limited for a period of 30 years and retired as Director Commercial in 2020
• Bachelor of Technology degree in civil engineering from the
Indian Institute of Technology, Delhi
• Post-graduation programme in management from the Indian
School of Business
• Head of finance of P2 Power Solutions Private Limited and a
director of Belectriq Mobility Private Limited
11
… supported by Experience Professionals Steering Execution
Supported by Key Managerial Personnels
Mukut Goyal | Chief Financial Officer
Varsha Bharti | Company Secretary & Compliance Officer
• Associated with Rama Paper Mills Limited, Tokai Imperial Hydraulics India Private Limited, Jamna Auto Industries Limited, Jindal Poly Films Limited, Samvardhana Motherson International Limited, MB Power (Madhya Pradesh) Limited and Dalmia Cement (Bharat) Limited. 10+ years working in the field of accountancy and finance
• Previously associated with The Lalit, India Finsec Limited • 9+ years in the field of secretarial and listing compliances • Bachelor’s degree in commerce (honours course) from the
University of Delhi and is a member of the Institute of Company Secretaries of India
Peeyush Salwan | President
Ashutosh Mishra | Chief Operating Officer
• Post graduate in management from Birla Institute of
Management Technology and executive certificate programme in strategy and leadership for senior professionals from Indian Institute of Management Indore
• Previously associated with Su-Kam Power Systems Limited,
Novateur Electrical & Digital Systems Private Limited, Jackson Limited and Danton Power Private Limited
• Bachelor of Technology degree in electrical engineering from
the Uttar Pradesh Technical University.
• Associated with Jakson Limited, Gedpec Infratech Limited, Skipper Electricals (India) Limited, Western Control and Automation, PME Power Solutions (India) Limited and Karytron Electrical Industries • 7+ Yearts of Experience
12
Industry Landscape
India’s Energy Demand Outlook
Power demand is expected to grow by 5.5-6.0% in the next five years which will be supported by infrastructure-linked capex, strong economic fundamentals along with expansion of the power footprint via strengthening of transmission and distribution infrastructure
1694
1692
1783
1785
+5.8%
1900
1907
1995
2000
2100
2105
2250
2252
FY25
FY26P
FY27P
Energy Requirement
FY28P Energy Availability
FY29P
FY30P
Source: RHP, Company
14
Accelerating Towards 280 GW Solar by 2030
•
•
India’s overall energy requirement grew at a 4.7% CAGR from 2015 to 2025, driven by rapid industrialization, urbanization, and the electrification of transport and infrastructure.
Solar has emerged as the dominant source (~50.2% share as of July 2024), with capacity rising from 74.3 GW in January 2024 to 119.0 GW by July 2025—on track toward the nation’s 280 GW solar target (as part of 500 GW non-fossil capacity by 2030) and its carbon neutrality goal by 2070
In GW
Trend in cumulative solar capacity installation in India
119.01
105.65
81.81
66.78
54.00
35.61
41.24
29.10
22.35
12.78
7.12
FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26*
Ground Mounted Solar
Rooftop Solar
Hybrid Solar Comp
Off-grid Solar/KUSUM
Growth Drivers for Solar Sector in India
Fiscal, Regulatory and Infrastructure Support from Government
Favorable Technology
Foray of Large Establishes global Players
Decline in Solar PV Module Prices
Source: RHP, Company
Improving Availability of Financing at Low Cost
Green Hydrogen and Green Ammonia Push
Export Segment opening for Indian Players
15
Growing Opportunities in Solar Energy Solutions
Surge in solar power capacity reached 170-180 GW from fiscal years 2026 to 2030, significantly surpassing the ~85 GW added between fiscal years 2019 and 2025. This growth is primarily spurred by robust government backing, demonstrated through an aggressive tendering strategy EPC services for Solar energy are dominated by third-party service providers in the country (~40-45%).
The O&M market in India for solar power is expanding in the tandem with the country’s installed capacity which has reached ~ 119 GW as of 31st July 2025. Out of the total O&M market ~ 45% is the share of third-party O&M, therefore ~ 50-55 GW is total addressable market for this business. This has spurred demand for the comprehensive O&M services.
Third Party Solar EPC Market India (₹ Billion)
The demand for third party O&M services is expected to be in the range of ₹ 27-28 billion by fiscal 2030
CAGR ~11.12%
875-900
775-800
725-750
625-650
550-575
495
365
28
23
+32.0%
17
12
9
7
3
4
5
FY24
FY25
FY26 F
FY27 F
FY28 F
FY29 F
FY39 F
FY22
FY23
FY24
FY25
FY26F
FY27 F
FY28 F
FY29 F
FY30 F
Source: RHP, Company
16
Government Initiatives Driving Solar Expansion in India
India’s total installed solar capacity reached 119.02 GW as of July 2025, comprising 90.99 GW from ground-mounted plants, 19.88 GW from grid- connected rooftop systems, 3.06 GW from hybrid projects, and 5.09 GW from off-grid solar installations. This reflects the country’s integrated and multi-faceted approach to accelerating renewable energy growth.
Solar Parks
PLI Schemes
Rooftop
Battery Storage
is
facilitating
The Government the establishment of Solar Parks and Ultra- Mega Solar Power Projects with a combined target of 40,000 MW capacity. These parks are designed to ready developers with provide infrastructure, enabling faster project execution power evacuation.
optimized
and
Source: ET World | PIB | MNRE.GOV.IN |
large-scale
the Government
Under the Production Linked Incentive (PLI) Scheme, is domestic encouraging manufacturing of high-efficiency solar PV modules. An investment of over ₹48,000 crore has been sanctioned, leading to the creation of 38,500+ jobs through the scheme, which remains active until June 2025.
The PM Surya Ghar: Muft Bijli Yojana aims to equip 1 crore households with through a rooftop solar systems proposed outlay of ₹75,000 crore. The initiative has already supported the installation of nearly 20 lakh systems by September 2025, with a national target of adding 30 GW of residential rooftop capacity by 2027.
the Government plans
Through the VGF Scheme under the Power System Development Fund to (PSDF), develop 30 GWh of Battery Energy Storage Systems (BESS). The program includes a Viability Gap Funding (VGF) provision of up to ₹18 lakh per MW-hour and a total budgetary allocation of ₹5,400 crore, ensuring greater grid stability and renewable integration.
17
Strategic Growth Levers
Pathway to Sustainable Growth
Strengthen Manufacturing Capabilities • Commissioned a state-of-the-art manufacturing facility
in Haridwar, Uttarakhand for TopCon solar modules with an annual capacity of 1.2 GW, under an equity co-operation with ZNSHINE PV-Tech Co. Ltd.
• Setting up a Battery Energy Storage Systems (BESS) production line with a 2 GW
annual capacity in Haridwar to complement solar operations.
• Planning a new solar PV TopCon cell manufacturing facility in Pandhurana, Madhya Pradesh, with a proposed capacity of 1.2 GW to support backward integration.
Scale Operations & Diversify Portfolio • Utilizing proven execution expertise to capture opportunities from IPPs, PSUs, and private sector players, catering to India’s growing clean energy demand.
• Driving the transition toward a sustainable energy ecosystem, generating long-
term economic and environmental value for all stakeholders.
Expand Customer Base & Market Reach • Adopting a two-pronged expansion approach—targeting large-scale renewable energy projects and India’s evolving domestic market.
• Building on strong partnerships with customers, engineers, and suppliers to drive repeat business, ensure service reliability, and maintain cost competitiveness
Foster Innovation through R&D
• Advancing high-efficiency solar panels and energy storage
technologies designed for superior performance and durability.
• Prioritizing sustainable manufacturing practices to minimize
environmental impact and align with India’s carbon reduction goals.
19
Q1 FY26 Results Update
Q1FY26 Business Update
Solar Panel Module Manufacturing Line
The Company has commissioned a 1.2 GW module manufacturing line for G12R solar panels. This line will strengthen backward integration and enhance production of high-efficiency solar modules.
Battery Energy Storage System
A 3.4 GW Lithium-ion cell to battery pack has been procured, and the site is ready for installation. Equipment deliveries are expected to be completed by end of November 2025, and commissioning is targeted by January 2026.
Junction Box Manufacturing
A 5 GW line is being established through a joint venture. The site is installation-ready, and operations are expected to commence by January-end.
Solar Cell Line
Following the successful IPO, the Company has initiated work on its solar cell line. The 1.2 GW facility is projected to become operational between December 2026 and March 2027.
21
Q1FY26 Performance Snapshot (Consolidated)
Revenue
EBITDA & EBITDA %
PAT & PAT %
₹ Mn
₹ Mn
₹ Mn
32.2%
12.9%
11.7%
18.9%
+202.3%
682.4
+21.4%
88.3
+386.7%
129.1
72.8
225.7
26.5
Q1FY25
Q1FY26
Q1FY25
Q1FY26
Q1FY25
Q1FY26
22
Q1FY26 Financial Highlights (Consolidated)
Profit & Loss statement (₹ in Mn)
Revenue from Operation
Cost of Material Consumed
Engineering, procurement and construction project expenses
Purchase of Stock in trade
Total Raw Material & Manufacturing Cost
Gross Profit
Gross Margin %
Employee Cost
Other Expenses
EBITDA
EBITDA %
Depreciation
Other Income
EBIT
EBIT Margin (%)
Finance cost
Share of Profit of Joint Ventures (Net of Tax)
Loss on sale in JV
PBT
PBT Margin %
Tax
PAT
PAT Margin % EPS (In Rs.)
Q1 FY26
682.4
273.5
8.9
255.3
537.8
144.6
21.2%
32.6
23.7
88.3
12.9%
1.7
123.1
209.7
30.7%
32.8
-2.1
0.0
174.9
25.6%
45.8
129.1
18.9%
1.74
Q1 FY25
225.7
Y-o-Y
202.3%
51.4
61.2
0.0
112.6
113.1
50.1%
21.8
18.5
72.8
32.2%
0.4
9.9
82.2
36.4%
9.1
1.9
-21.2
53.9
23.9%
27.4
26.5
11.7%
0.38
28.5%
21.4%
155.0%
224.5%
386.7%
Q4 FY25
1,764.1
905.0
229.0
252.8
1,386.8
377.3
21.4%
36.2
205.5
135.6
7.7%
0.7
28.5
163.4
9.3%
20.2
-5.3
137.9
7.8%
43.5
94.4
5.4%
1.31
Q-o-Q
-61.3%
-61.7%
-34.8%
26.9%
36.8%
23
Historical Financial Performance
Consistent Growth Across Revenue and Profitability
Revenue
EBITDA & EBITDA %
PAT & PAT %
₹ Mn
₹ Mn
₹ Mn
9.2%
13.7%
20.1%
6.4%
10.3%
14.1%
5,447.7
5,010.2
1,092.5
770.5
688.6
516.9
2,324.6
214.7
148.4
2023
2024
2025
2023
2024
2025
2023
2024
2025
25
Historical Profit and Loss Statement
Profit & Loss statement (₹ Mn)
Revenue from Operation
Cost of Material Consumed
Engineering, procurement and construction project expenses
Purchase of Stock in trade
Total Raw Material & Manufacturing Cost
Gross Profit
Gross Margin %
Employee Cost
Other Expenses
EBITDA
EBITDA %
Depreciation
Other Income
EBIT
EBIT Margin (%)
Finance cost
Share of Profit of Joint Ventures (Net of Tax)
Loss on sale in JV
PBT
PBT Margin %
Tax
PAT
PAT Margin %
EPS (Rs)
FY25
5,447.7
2,824.2
534.9
600.3
3,959.4
1,488.2
27.3%
110.4
285.3
1,092.5
20.1%
2.3
63.2
1,153.4
21.2%
62.3
-3.9
-21.2
1,066.1
19.6%
295.6
770.5
14.1%
10.7
FY24
5,010.2
3,813.1
436.3
3.1
4,252.5
757.6
15.1%
8.7
60.4
688.6
13.7%
4.3
44.9
729.2
14.6%
67.8
22.3
683.7
13.6%
166.8
516.9
10.3%
8.0
FY23
2,324.6
1,817.5
252.6
3.4
2,073.4
251.2
10.8%
5.0
31.5
214.7
9.2%
2.3
25.9
238.3
10.3%
59.1
14.1
193.3
8.3%
44.9
148.4
6.4%
2.3
26
Historical Balance Sheet
Particulars (₹ Mn)
ASSETS
Non ‐ Current Assets
Property, plant and equipment
Capital work‐in‐progress
Goodwill
Financial Assets
(i) Investments
(ii) Loan
(iii) Other Financial Assets
Deferred Tax Asset
Other non‐current assets
Total Non ‐ Current Assets
Current Assets
Inventories
Financial Assets
(i) Investments
(ii) Trade receivables
(iii) Cash and cash equivalents
(iv) Bank balances other than (iii) above
(v) Loans
(vi) Other current financial assets
Other current assets
Total Current Assets
TOTAL ASSETS
FY25
FY24
FY23
Particulars (₹ Mn)
FY25
FY24
FY23
373.8
881.2
0.2
73.1
92.4
48.5
161.0
1,630.2
9.3
6.0
88.1
0.1
10.2
113.6
20.4
22.5
1,442.5
110.9
1,160.3
215.2
869.5
531.1
4,349.9
5,980.2
0.2
302.0
203.8
201.2
1.4
613.7
91.7
1,436.6
1,550.2
Equity
(a) Equity share capital
11.8
(b) Other equity
Equity attributable to equity holders of the parent
Non‐controlling interests
Total Equity
Liabilities
Non ‐ Current Liabilities
(i) Borrowings
Provisions
Total Non ‐ Current Liabilities
Current Liabilities
Financial liabilities
(i) Borrowings (a) total outstanding dues of micro enterprises and small enterprises (b) total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities
Provisions
Income tax liabilities (net)
Total Current Liabilities
Total Equity and Liabilities
68.3
2.1
4.7
3.7
90.5
15.2
0.2
205.2
43.3
131.8
253.7
305.0
159.4
1,113.7
1,204.3
370.7
2,720.0
3,090.7
3.2
732.8
736.0
3.2
215.9
219.1
3,090.7
736.0
219.1
643.9
8.2
652.1
501.6
36.5
588.5
116.7
22.3
18.1
2,237.4
5,980.2
160.5
0.9
161.4
450.6
8.6
113.5
16.3
0.0
38.9
652.9
1,550.2
170.5
0.6
171.1
476.2
1.8
111.2
0.1
13.5
814.1
1,204.3
27
COMPANY :
Solarworld Energy Solutions Limited CIN: U15100DL2013PLC255455 Mr. Mukut Goyal E-mail: mukut@worldsolar.in Website: www.worldsolar.in
INVESTOR RELATIONS ADVISORS :
MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services
Mr. Nikunj Seth nikunj.seth@in.mpms.mufg.com
Ms. Sejal Bhattar Sejal.bhattar@in.mpms.mufg.com
Meeting Request
Link
Link
Thank You