Target Entity: DEK and Mavericks Green Energy Limited (DMGEL)
Type of Deal: Acquisition of majority stake
Stake/Capacity: 1,07,47,760 equity shares representing 62.91% of the paid-up equity share capital of DMGEL
Timeline: Acquisition completed on September 26, 2026
Strategic Rationale: The acquisition expands KPI Green Energy's renewable energy portfolio through its material subsidiary SDEL, adding DMGEL as a step-down subsidiary to enhance operational capacity and market presence in the energy sector.
Approval Status: Completed acquisition
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 30) and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
Additional Information: This acquisition follows the initial intimation dated August 21, 2026 (Letter No. KPI/MAT/AUG/2026/811) regarding the proposed acquisition of up to 100% equity share capital. The disclosure requirements were fulfilled through Annexure A submitted with the previous intimation. The information was received from SDEL at 10:30 a.m. on September 26, 2026.
