Background and Context
This disclosure follows an earlier disclosure dated November 24, 2025, regarding the incorporation of GKSPL as a wholly owned subsidiary of GMR Energy Limited (GEL), which is itself a wholly owned subsidiary of GMR Power and Urban Infra Limited. GKSPL was established for developing approximately 10 MW captive solar power generating plant on a design, build, finance, operate basis in Kamalanga, Odisha.
Key Transaction Details
GKSPL entered into a long-term agreement with Grasim Industries Limited for supplying power. The company agreed to make equity infusion in the project with GEL in the ratio of 71:29, with GEL holding 71% equity.
Corporate Action and Status Change
The Board of directors of GKSPL on July 08, 2026, upon receipt of the first tranche of subscription amount, allotted equity shares to GEL and Grasim Industries Limited in the ratio of 71:29. This allotment changed the status of GKSPL from a wholly owned subsidiary to a step-down subsidiary of GMR Power and Urban Infra Limited.
Promoter and Related Party Disclosure
The disclosure explicitly states that none of the company's promoters, promoter group, or group companies have any interest in the above transaction.