Sahaj Solar Limited — Important, 27-12-2024: Agreements

Sahaj Solar Limited has executed a lease agreement with Mr. Pramit Bharatkumar Brahambhatt, a promoter of the company, for land to be used in manufacturing solar panels. The lease spans nine years starting January 1, 2025, with monthly lease fees set at ₹7,41,100, excluding GST, which will escalate by 15% every three years. This strategic move supports Sahaj Solar’s operational capacity and aligns with its growth trajectory in the renewable energy sector. The arrangement is considered to be at arm's length, with no significant impact on management or control. Investors should view this as a positive step towards enhancing production capabilities in a growing market.