Sharika Enterprises Secures ₹1.36 Crore Power Grid Rooftop Solar Order

Sharika Enterprises Limited has received Rs 1.36 crore order from Power Grid Corporation of India Limited; the award triggers mandatory intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Award For 329 kWp Grid-Connected Solar PV System

In a filing dated February 27, 2026 (Ref: SEL/BSE/2025-26/FEB/15), the company informed BSE that it has secured an order from Power Grid Corporation of India Limited identified in the disclosure as “A Government of India Enterprise” for the supply and installation of a 329 kWp rooftop grid-connected Solar PV system.

The aggregate consideration stands at ₹1,35,68,800 (Rupees One Crore Thirty-Five Lakh Sixty-Eight Thousand Eight Hundred only).

According to Annexure I appended to the exchange communication, the contract is domestic in nature and encompasses execution within six months. The scope also incorporates a Comprehensive Maintenance Contract (CMC) for a period of five years following installation.

The disclosure has been furnished pursuant to Regulation 30 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which prescribes structured reporting of material events including contract awards. Under the circular, listed entities must specify counterparty identity, execution timeline, consideration value and related-party status details set out in the annexed tabular statement.

The company confirmed that neither the promoter nor promoter group entities hold any interest in the awarding entity. The transaction does not fall within the ambit of related party transactions.

Stock Market Snapshot

Sharika Enterprises shares closed at ₹11.36 on February 27, 2026, down ₹0.33 or 2.82%, according to BSE data. The price movement was recorded as of 16:01 IST.

The stock traded within a band of ₹10.32 to ₹12.00 during the session, against a previous close of ₹11.69. The upper and lower price bands stood at ₹14.02 and ₹9.36 respectively, reflecting a 20% circuit filter.

Total traded quantity was 0.14 lakh shares, translating into turnover of ₹1.62 lakh. The company’s full market capitalisation stood at ₹49.19 crore, with free-float market capitalisation at ₹17.12 crore.

The 52-week high and low are ₹22.24 and ₹10.32 respectively.

Company Profile And Operational Scope

Sharika Enterprises Limited operates in the electrical engineering and power infrastructure segment, with activities spanning turnkey execution, project engineering and equipment supply. The company is categorised under “Trading & Distributors” as per exchange classification.

The awarded rooftop system capacity 329 kilowatt-peak (kWp) refers to the maximum output under standard test conditions. Grid-connected systems synchronise with the utility network, enabling export or net metering subject to site configuration. The inclusion of a five-year CMC typically covers preventive maintenance, module cleaning, inverter servicing and performance monitoring.

While modest in absolute value, the order adds incremental revenue visibility over the execution window and subsequent maintenance tenure.

Outlook

Execution is scheduled within six months from award, with recurring maintenance obligations extending five years thereafter. Revenue recognition is likely to align with installation milestones, as per applicable accounting standards and contract terms disclosed.

Further updates, if any, would be subject to continuing disclosure requirements under the SEBI Listing Regulations.

Source:

• https://www.bseindia.com/stock-share-price/sharika-enterprises-ltd/SHARIKA/540786/
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/5107d4d6-cab6-4934-b20e-57b80e2ef1cb.pdf