KPI Green Energy Limited announced a key leadership change with the appointment of Mr. Krunal Bhatt as Company Secretary and Compliance Officer, effective April 2, 2026. The Board of Directors approved this appointment during their meeting held on April 2, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Leadership Transition Details

The company informed stock exchanges BSE and NSE about this significant appointment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Bhatt has been designated as Key Managerial Personnel of the company, taking over responsibilities from Ms. Rajvi Upadhyay.

Professional Background of New Appointee

Mr. Krunal Bhatt brings extensive experience to his new role, with over 19 years of expertise in corporate governance, regulatory compliance, and legal advisory functions across leading listed companies. His professional background includes:

• Strong expertise in SEBI regulations and Companies Act compliance
• Experience in capital market transactions, mergers and acquisitions
• Knowledge of corporate restructuring and RBI regulatory compliances
• Leadership experience in ESG initiatives and legal matters

Mr. Bhatt is currently associated with KPI Green Energy Limited in a leadership role, overseeing corporate governance, secretarial compliances, and board processes at the Group level. Previously, he served as Company Secretary at Arvind Limited and has worked with reputed listed companies including Astral Limited and Adani Power Limited.

Educational Qualifications and Credentials

The newly appointed Company Secretary holds comprehensive qualifications for the role:

• Commerce and law graduate
• Member of the Institute of Company Secretaries of India (ICSI)
• ICSI Membership Number: A20162
• Significant contributions in corporate governance and regulatory compliance

Outgoing Officer's Transition

Ms. Rajvi Upadhyay, who previously served as Company Secretary and Compliance Officer, submitted her formal resignation from the position effective April 2, 2026. However, she will continue her association with the company in a new internal role with different responsibilities and designation. In her resignation letter, Ms. Upadhyay expressed gratitude for the professional growth opportunities and committed to ensuring a smooth transition of responsibilities.

Regulatory Compliance

The appointment was made in accordance with Regulations 6 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under SEBI Master Circular guidelines, ensuring full transparency and regulatory compliance in the leadership transition process.

KPI Green Energy Limited has informed stock exchanges about the reaffirmation of its credit ratings by ICRA Limited for bank facilities and Non-Convertible Debentures (NCDs). The company submitted this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on March 25, 2026.

Bank Facilities Rating Reaffirmation

ICRA Limited reaffirmed credit ratings for the company's bank facilities totaling Rs. 5775.00 crore across multiple instruments. The rating actions reflect enhanced amounts for several facilities with outlook revisions from Positive to Stable.

Non-Convertible Debentures Rating

The rating agency also reaffirmed the credit rating for the company's Non-Convertible Debentures, which benefit from explicit credit enhancement. The NCDs carry a higher rating due to this credit enhancement structure.

Rating Methodology and Outlook

The rating reaffirmation comes with specific changes in outlook for long-term facilities. The outlook has been revised from Positive to Stable across long-term instruments, indicating a stabilization in the rating agency's assessment. The CE (Credit Enhancement) designation for NCDs reflects the specific structure and terms of these instruments, which provide additional security to investors.

ICRA noted that Rs. 26.80 crore worth of NCDs have been redeemed from the original Rs. 670.0 crore issuance. The rating agency emphasized that CE ratings are specific to the rated issue and do not represent their opinion on the general credit quality of the issuer.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the rating reaffirmation. This transparency ensures that investors and stakeholders remain informed about the company's credit profile and financial standing as assessed by the rating agency.