Date: July 06, 2026
Disinvestment / Strategic Actions
- The company, Orient Green Power Company Limited, has been allotted 2,19,59,094 equity shares at a face value of ₹10 each by its subsidiary, M/s. Delta Renewable Energy Private Limited (DELTA).
- This allotment was part of the fifth and final tranche of DELTA's preferential issue, which had a total issue size of 3,13,70,134 equity shares.
- The total consideration paid for this allotment was ₹21,95,90,940 (Rupees Twenty-One Crores Ninety-Five Lakhs Ninety Thousand Nine Hundred and Forty Only).
- The company subscribed to 70% of the issue size in this tranche, maintaining its pre and post-issue shareholding in DELTA unchanged at 70%.
- The transaction is classified as a related party transaction under SEBI LODR Regulations but was conducted on an arm's length basis.
- No governmental or regulatory approvals were required for this acquisition.
Subsidiary Profile
- Delta Renewable Energy Private Limited was incorporated on November 29, 2023, as a wholly-owned subsidiary of Orient Green Power Company Limited.
- The post-issue paid-up equity share capital of DELTA stands at ₹44,31,28,000.
- DELTA has successfully commissioned a 7 MW AC solar power project at Krishnapuram and Veeraganallur Villages, Thiruvallur District, Tamil Nadu.
- DELTA has entered into an EPC Contract to develop a 17.6 MW AC solar power project at Thiruvannamalai District, Tamil Nadu on December 05, 2025, which is currently under progress.
- The company promoted DELTA to develop renewable energy capacity, and the object of this preferential issue was to fund the development of solar power projects.
Other Operational / Legal / Strategic Disclosures
- The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Sections Not Present
No material disclosures under the following sections: KMP / Board / Auditor Changes, Dividend Declaration or Non-Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Media Release / Investor Communication.