Sahaj Solar Limited has announced a major step in its international expansion strategy with the incorporation of a new joint venture company in Abu Dhabi, United Arab Emirates. The development was officially disclosed by the company through a regulatory filing.
The new entity, named Sahaj Energy Solar Panels Manufacturing L.L.C., has been established by Sahaj Renewable Energy Trading – FZCO, a wholly owned subsidiary of Sahaj Solar Limited. The joint venture has been incorporated as a Limited Liability Company and will focus on the manufacturing and assembling of solar panels in the UAE market. The move reflects the company’s efforts to strengthen its presence in the international renewable energy sector and expand its manufacturing footprint beyond India.
According to the filing, the joint venture has an authorized capital of AED 100,000, divided into 100 shares with a face value of AED 1,000 each. As the company has been newly incorporated, it does not have any turnover history at present.
Sahaj Renewable Energy Trading – FZCO has acquired a 50 percent stake in the joint venture by subscribing to 50 shares. The investment has been made through cash consideration, with the total proposed investment amounting to AED 50,000. The company stated that this transaction is part of its broader growth strategy and follows an earlier announcement made on May 16, 2025, regarding the proposed venture.
In its disclosure, Sahaj Solar Limited clarified that the incorporation of the joint venture does not qualify as a related-party transaction. The company also confirmed that neither its promoters nor members of the promoter group have any direct interest in the newly established entity. Additionally, no governmental or regulatory approvals were required for the incorporation process.
The disclosure was signed by Pramit Bharatkumar Brahmbhatt, Managing Director of Sahaj Solar Limited, in compliance with Regulation 30 of the SEBI Listing Regulations.
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