Sahaj Solar Forms Joint Venture with Clarion Investment LLC for 750 MW Solar Manufacturing Facility in UAE
Sahaj Renewable Energy Trading - FZCO, a wholly-owned subsidiary of Sahaj Solar Limited, has executed a Shareholders' Agreement with Clarion Investment LLC. This agreement facilitates the incorporation of a new entity, Sahaj Energy Solar Panels Manufacturing LLC, which will function as a joint venture company.The Shareholders' Agreement was signed on May 18, 2026, marking a significant step toward developing a major manufacturing facility for solar panels.
The primary objective of the joint venture is to undertake the development and establishment of a 750 MW solar panels manufacturing facility located in the United Arab Emirates (UAE).
The structure of the joint venture company, Sahaj Energy Solar Panels Manufacturing LLC, is outlined as follows:
| Detail | Information |
|---|---|
| Parties Involved | Sahaj Renewable Energy Trading - FZCO and Clarion Investment LLC |
| JV Purpose | Development and establishment of a 750 MW solar panels manufacturing facility in the UAE |
| Shareholding Structure | Both SAHAJ FZCO and Clarion Investment LLC will hold 50% shares each in the Joint Venture Company |
| Board Representation | Each party has the right to appoint one Director on the Board of the Joint Venture Company |
| Transaction Basis | The transaction is structured on an "arm's length" basis, regarding the shareholding in the wholly owned subsidiary. |
In terms of corporate relationships, the agreement confirmed that Clarion Investment LLC is not related to the promoter or promoter group of Sahaj Solar Limited. Sahaj Renewable Energy Trading - FZCO operates as a wholly owned subsidiary of Sahaj Solar Limited.
The Board of Directors of the newly formed Joint Venture Company will be responsible for overseeing, supervising, and strategizing all operations and affairs related to the facility.
SAHAJSOLAR Stock Price Movement
Today, Sahaj Solar Limited shares edged higher to close at ₹142.25, recording a gain of 0.46% in after-hours trading. The stock settled on robust buying interest, reporting a total volume of 35,600 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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