KP Green Engineering Limited has successfully submitted its postal ballot voting results to BSE Limited on March 31, 2026, demonstrating overwhelming shareholder support for all four proposed material related party transactions. The company achieved a remarkable 99.96% approval rate across all resolutions, reflecting strong investor confidence in its strategic initiatives.

Regulatory Submission Details

The company submitted comprehensive voting results pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Saurabh Sharma coordinated the submission process, ensuring full regulatory compliance.

Postal Ballot Process Overview

The postal ballot was conducted exclusively through electronic voting in compliance with SEBI regulations and MCA circulars. The voting process remained open from March 01, 2026, to March 30, 2026, allowing shareholders to cast their votes remotely through the CDSL e-voting platform.

Scrutinizer Details

Comprehensive Voting Results

All four ordinary resolutions achieved identical voting patterns, demonstrating unanimous shareholder alignment with the company's strategic direction.

Overall Voting Summary

Approved Material Related Party Transactions

The postal ballot covered four critical material related party transactions, all receiving overwhelming approval:

• Resolution 1: Material related party transactions with KPI Green Energy Limited
• Resolution 2: Material related party transactions with K.P. Energy Limited
• Resolution 3: Material related party transactions with Sun Drops Energia Limited (formerly Sun Drops Energia Private Limited)
• Resolution 4: Material related party transactions with KPIG Energia Private Limited

Category-wise Participation Analysis

Regulatory Compliance Framework

The postal ballot process adhered strictly to regulatory requirements, with notices dispatched electronically to shareholders as per MCA circulars. The company published newspaper advertisements in The Indian Express (English) and Financial Express (Gujarati) on February 28, 2026, ensuring comprehensive shareholder communication.

The scrutinizer's report confirmed full procedural compliance, with the voting process conducted transparently through CDSL's e-voting platform. The high approval rate of 99.96% across all resolutions indicates strong shareholder confidence in the company's related party transaction framework and strategic direction.

KP Green Engineering Limited has issued a comprehensive postal ballot notice dated February 26, 2026, seeking shareholder approval for material related party transactions with four group companies. The company has scheduled remote e-voting from March 01 to March 30, 2026, to obtain member consent for transactions totaling up to ₹17,000 crores.

Postal Ballot Schedule and Process

The company has established a detailed timeline for the postal ballot process, with all voting conducted exclusively through remote e-voting in compliance with Ministry of Corporate Affairs circulars.

The Board of Directors appointed Mr. Chirag Shah and failing him Mr. Raimeen Maradiya, Partners of M/s. Chirag Shah & Associates, as scrutinizers for conducting the postal ballot process. Central Depository Services (India) Limited (CDSL) will provide the remote e-voting facility.

Material Related Party Transactions

The postal ballot seeks approval for four separate ordinary resolutions covering material related party transactions with commonly controlled group companies within the KP Group.

Transaction Details by Entity

Transaction Scope and Business Rationale

The proposed transactions will span three financial years from FY 2025-26 to FY 2027-28. KP Green Engineering will manufacture, fabricate, galvanize, and supply steel structures, module mounting structures (including tracker MMS), poles, cable trays, earthing materials, hardware, and other engineering items to these related parties for use in their renewable energy projects.

The transactions also encompass related fabrication, erection, engineering, and allied services, along with potential purchase of goods or services and provision of trade advances. All proposed transactions will be conducted on an arm's length basis in the ordinary course of business.

Historical Transaction Performance

The company has disclosed previous transaction volumes with these related parties, demonstrating established business relationships.

FY 2024-25 Transaction Summary

Regulatory Compliance and Approval Process

The Audit Committee reviewed and approved the proposed transactions on February 26, 2026, based on relevant details provided by management and regulatory compliance certificates. The transactions require shareholder approval as they exceed materiality thresholds under SEBI Listing Regulations, which mandate approval for transactions exceeding ₹50 crores or 10% of annual consolidated turnover, whichever is lower.

The company's annual consolidated turnover for the immediately preceding financial year serves as the baseline for calculating materiality percentages. Related parties as defined under SEBI Listing Regulations will not be permitted to vote on these resolutions.

Voting Instructions and Member Communication

In compliance with MCA circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company, registrar, or depositories as of the cut-off date. No physical postal ballot forms will be dispatched.

Members can access detailed voting instructions through the company's website at www.kpgreenengineering.com and CDSL's e-voting platform at www.evotingindia.com . The company has provided comprehensive guidelines for both individual and institutional shareholders holding securities in demat and physical form.

The Board of Directors recommends approval of all four resolutions, citing operational synergies, business efficiencies, and enhanced revenue visibility expected from these arrangements as being in the best interests of the company and its public shareholders.