Nature of Update
This is an intimation regarding the incorporation of a new wholly owned subsidiary, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Operational or Strategic Points
- A wholly owned subsidiary named KPGC Two Private Limited has been incorporated on September 26, 2026.
- The subsidiary was incorporated with the object of generating, storing, transmitting, distributing, purchasing, selling, and supplying electricity and other forms of energy from conventional and renewable sources.
- Specific renewable sources mentioned include solar, wind, hydro, biomass, and thermal energy.
- The subsidiary's activities will also include establishing, owning, developing, operating, and maintaining power plants and energy storage systems.
- The subsidiary is registered with the Registrar of Companies, Ahmedabad, and operates in India.
- The acquisition is not a related party transaction, and no promoters/promoter groups/group companies have any interest in the entity.
- No governmental or regulatory approvals are required for this incorporation.
Material Financial Impact
- Capital Structure: The subsidiary has an Authorized Capital of ₹1,00,000 (10,000 Equity Shares of ₹10 each) and a Subscribed Capital of ₹1,00,000 (10,000 Equity Shares of ₹10 each).
- Consideration: The acquisition was made for a cash consideration of ₹1,00,000 (Rupees One Lakh Only).
- Turnover: The subsidiary has a turnover of Nil, as it is yet to commence business operations.
- The financial impact on the parent company is minimal given the small size of the investment.