Sahaj Solar Limited
Sahaj Solar Limited, founded in 2010, is a provider of renewable energy solutions.
What Sahaj files
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Sahaj Solar's subsidiary will infuse an additional AED 75,000 into its Abu Dhabi JV to maintain its 50% stake. This capital increase strengthens the JV's operations.
Sahaj Solar's subsidiary incorporated a JV in Abu Dhabi, UAE, named Sahaj Energy Solar Panels Manufacturing - L.L.C. This JV aims to expand international manufacturing and assembling of solar panels. The subsidiary holds 50% with a proposed AED 50,000 investment.
Sahaj Solar's subsidiary, Sunventa Power, has pivoted its core business to advanced lithium-ion battery energy storage systems, e-mobility, and battery management systems. This strategic shift aligns with future expansion into high-growth segments.
Sahaj Solar's Board approved a strategic shift, moving its 750 MW solar panel manufacturing plant to UAE via a new subsidiary for global economic advantages. New Company Secretary and Secretarial Auditor were also appointed, alongside Audit Committee reconstitution.
Sahaj Solar withdrew its proposed preferential equity issue application. The decision stems from valuation, pricing, and market conditions not aligning with company objectives, avoiding immediate equity dilution.