Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 and 33

Date of Board Meeting / Approval: July 22, 2026 (commenced at 02:00 PM, concluded at 05:20 PM)

Audit Opinion: Unqualified with Emphasis of Matter

Auditor's Comment: Emphasis on provision for expected credit losses of ₹1,621 lakhs for REC receivables and remote likelihood of liability for Cross Subsidy Surcharge claims

Key Financial Highlights [₹ Crores]

Consolidated Results:

Revenue from Operations: ₹81.43 (Q1 FY26: ₹87.38) - Decreased 7% YoY

Total Income: ₹86.24 (Q1 FY26: ₹93.44)

EBITDA: ₹60.01 (Q1 FY26: ₹65.92) - Decreased 9% YoY

EBITDA Margin: 70% (Q1 FY26: 71%)

Net Profit: ₹23.94 (Q1 FY26: ₹28.62) - Decreased 16% YoY

Net Profit Margin: 28% (Q1 FY26: 31%)

EPS: ₹0.20 (Q1 FY26: ₹0.25)

Standalone Results:

Profit Before Tax - Continuing Operations: ₹0.41

Profit Before Tax - Discontinued Operations: ₹(0.01)

Total Profit Before Tax: ₹0.40

Profit After Tax: ₹0.40

Segment-wise Performance:

The Group operates in a single segment: "Generation of power through renewable sources"

Corporate Actions:

No dividend declarations, share splits, bonus issues, or buybacks announced

Emphasis of Matter by Auditors:

1. Provision of ₹1,621 lakhs made for expected credit losses on REC receivables of ₹2,071 lakhs as of March 31, 2017, pending Supreme Court decision on floor price reduction

2. TNPDCL (formerly TANGEDCO) petitions claiming Cross Subsidy Surcharge and Additional Surcharge for captive generating plant status - likelihood of liability considered remote based on legal opinion and compliance certificates

Other Significant Information:

Liquidation of Overseas Subsidiary:
  • Board approved withdrawal of merger proposal for Orient Green Power Europe B.V. (OGPE), Netherlands wholly-owned subsidiary
  • Initiation of voluntary liquidation of OGPE approved to expedite asset repatriation
  • Subject to compliance with Indian and Netherlands laws and regulatory approvals
  • OGPE did not commence business since incorporation
Capacity Expansion and Repowering:
  • Commissioned one 3.3 MW wind turbine in Q1 FY27 (in addition to two 3.3 MW turbines commissioned in previous quarter)
  • 17.6 MW AC solar power project and 7.8 MW wind farm repowering projects revised commissioning date to September 30, 2026
  • Projects being developed by subsidiaries Delta Renewable Energy Private Limited and Clarion Wind Farm Private Limited
  • Expected to commence generation from second half of FY27
Rights Issue Utilization:
  • Raised ₹250 Crores through rights issue on September 20, 2024
  • Utilized ₹221.66 Crores (88.66%) as of June 30, 2026
  • Unspent proceeds of ₹28.34 Crores placed in fixed deposits with banks
  • No deviation/variation in use of funds raised
Subsidiary Shareholding Changes:
  • Shareholding in Delta Renewable Energy Private Limited reduced from 100% to 70% after preferential allotments
  • Fifth tranche allotment completed on July 6, 2026
Discontinued Operations:
  • Includes Amrit Environmental Technologies Private Limited and windfarm undertaking disposed by Bharath Wind Farm Limited
  • Loss from discontinued operations: ₹0.01 lakhs in Q1 FY27

Entities Included in Consolidation:

  • Amrit Environmental Technologies Private Limited
  • Beta Wind Farm Private Limited
  • Bharath Wind Farm Limited
  • Clarion Wind Farm Private Limited (Subsidiary of Bharath Wind Farm Limited)
  • Gamma Green Power Private Limited
  • Delta Renewable Energy Private Limited
  • Orient Green Power Europe B.V. including:
  • Vjetro Elektrana Crno Brdo d.o.o
  • Orient Green Power d.o.o

Exceptional Items:

  • Profit on sale of assets (Net): ₹21 lakhs

Auditor Information:

  • G. D. Apte & Co., Chartered Accountants
  • Firm Registration Number: 100515W
  • Anagha M. Nanivadekar, Partner (Membership Number: 121007)