Key Quantitative Figures
- Authorized Capital: ₹ 1,00,000 (10,000 Equity Shares of ₹ 10 each)
- Subscribed Capital: ₹ 1,00,000 (10,000 Equity Shares of ₹ 10 each)
- Cost of Acquisition: ₹ 1,00,000 (Rupees One Lakh Only)
- Turnover: Nil (The subsidiary is yet to commence business operations)
Parties Involved
- Listed Entity: KPI Green Energy Limited (Scrip Code: 542323, BSE Symbol: KPIGREEN)
- Wholly Owned Subsidiary: KPGC One Private Limited (KPGCO)
- Compliance Officer: Krunal Bhatt, Company Secretary & Compliance Officer
Purpose/Rationale
The subsidiary has been incorporated with the object of generating, storing, transmitting, distributing, purchasing, selling, and supplying electricity and other forms of energy from conventional and renewable sources, including solar, wind, hydro, biomass, and thermal energy. Its activities will include establishing, owning, developing, operating, and maintaining power plants and energy storage systems.
Transaction Details
- Consideration: Cash consideration
- Related Party Transaction: Not Applicable. The promoter/promoter group/group companies have no interest in the acquired entity.
- Governmental/Regulatory Approvals: Not Applicable
- Time period for completion: Not Applicable (as the acquisition is complete via incorporation)
Financial and Operational Impact
- The subsidiary is newly incorporated and has not commenced operations; therefore, it has no current turnover.
- The financial impact of the acquisition is the cash outflow of ₹1,00,000 for the subscribed capital.
- The capital structure impact is the creation of a new wholly owned subsidiary with no immediate dilution for the parent company.