Nature of Update
This is a regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing about the incorporation of two step-down subsidiaries by Sun Drops Energia Limited (SDEL), which is a subsidiary of KPI Green Energy Limited.
Key Operational or Strategic Points
- Sun Drops Energia Limited (SDEL) incorporated two wholly owned subsidiaries: KPGC Four Private Limited and KPGC Five Private Limited on October 26, 2026
- Both companies become step-down subsidiaries of KPI Green Energy Limited
- Authorized Capital for each company: ₹1,00,000 (10,000 Equity Shares of ₹10 each)
- Subscribed Capital for each company: ₹1,00,000 (10,000 Equity Shares of ₹10 each)
- Industry: Renewable Energy
- Business Objects: 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
- Additional Activities: Establishing, owning, developing, operating and maintaining power plants and energy storage systems
- Country of operation: India
- Both companies are newly incorporated and have not commenced business operations
- No governmental or regulatory approvals required for the incorporation
- Not a related party transaction
- No promoter/promoter group/group companies have any interest in the acquired entities
Material Financial Impact
- Cost of acquisition: ₹1,00,000 (Rupees One Lakh Only) for each company
- Funding: Cash consideration
- Shareholding: 100% of both companies held by SDEL
- Current turnover: Nil (both companies yet to commence operations)
- No immediate financial impact disclosed as companies are in pre-operational stage
Approval Status
Incorporation completed on October 26, 2026
Reference Regulation
SEBI Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026