KPI Green Energy Limited's Board of Directors, at its meeting held on May 15, 2026, approved two key directorial changes pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The board meeting commenced at 11:13 A.M. and concluded at 11:40 A.M. Both appointments were made based on the recommendation of the Nomination and Remuneration Committee and remain subject to the approval of the shareholders of the company.

Key Board Changes at a Glance

The following directorial appointments were approved at the May 15, 2026 board meeting:

Appointment of Mr. Rajesh Shrivastava as Whole Time Director

Mr. Rajesh Shrivastava joins KPI Green Energy as Additional Director and Whole Time Director with nearly 37 years of distinguished experience across the power, infrastructure, and renewable energy sectors. He has been associated with more than 30 GW of power projects across fossil fuel and renewable energy domains, including over 10 GW of renewable energy projects under development and execution.

His prior leadership roles span some of India's most prominent energy organisations:

• Reliance New Energy – President & Business Head, Renewable Energy Development, where he was involved in planning a renewable energy ecosystem in Kutch involving 150 GWp of solar capacity and large-scale BESS infrastructure across nearly 60,000 acres
• Aditya Birla Renewables – CEO, where he led scale-up of the renewable business portfolio from 600+ MW to over 3.0 GW within two and a half years
• Adani Green Energy – COO, where he led execution of three of India's largest hybrid renewable projects and contributed to the strategic vision of scaling the business toward 25 GW capacity
• Earlier roles at Toshiba JSW Power Systems, Toshiba India, LANCO Solar, TPSCI, and NTPC, covering large EPC projects in India and abroad

Mr. Shrivastava is a Gold Medalist in Civil Engineering and holds an M.Tech in Structures from IIT Mumbai. He has also completed executive management studies at INSEAD Singapore and was recognised among the Top 15 Global Leaders by Toshiba Corporation, Japan.

Re-appointment of Mrs. Venu Birappa as Independent Director

Mrs. Venu Birappa, who is being re-appointed for a second term of five consecutive years effective August 3, 2026, brings nearly four decades of experience in the power sector to the board. She holds a Bachelor's Degree in Electrical Engineering from Maharaja Sayajirao University Baroda, a Diploma in Management from Indira Gandhi National Open University, and a Bachelor of Laws (General) from Saurashtra University. She has also completed the Quality Management Systems Auditor/Lead Auditor Training based on ISO 9001:2005.

Mrs. Venu Birappa began her career in 1984 with the erstwhile Gujarat Electricity Board (GEB) and later served as Executive Engineer (Regulatory & Commerce) at Gujarat Energy Transmission Corporation Limited (GETCO) until July 2021. Her areas of expertise include:

• Regulatory, legal, financial, commercial, and technical aspects of transmission, system operation, and distribution
• Formulation of regulations under the Electricity Act, 2003
• Matters related to transmission agreements, capital cost approvals, tariff regulations, open access, intra-state ABT, and renewable energy
• Representation of GETCO before the Gujarat Electricity Regulatory Commission (GERC), the Appellate Tribunal for Electricity (APTTEL), the High Court, and the Supreme Court of India

Compliance and Disclosure

The disclosures pertaining to both appointments have been made in accordance with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026. The communication was signed by Krunal Bhatt, Company Secretary & Compliance Officer of KPI Green Energy, on May 15, 2026.

KPI Green Energy delivered a notable year-on-year improvement in its Q4FY26 consolidated financial performance, with both profitability and operational efficiency metrics showing strong gains. The results highlight a meaningful expansion in margins alongside a significant rise in absolute earnings, reflecting the company's strengthened operational standing during the quarter. The Board of Directors approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, at its meeting held on May 6, 2026. Following the release of these results, the company held an earnings conference call with analysts and investors to discuss the audited financial results.

Q4FY26 Financial Performance at a Glance

The company's Q4FY26 consolidated net profit rose to 1.45B rupees, up from 1.04B rupees in the same quarter of the previous year, marking a robust year-on-year increase. Simultaneously, EBITDA surged to 2.91B rupees from 1.6B rupees year-on-year, indicating a substantial improvement in operating earnings. The following table summarizes the key financial metrics for the quarter:

Margin Expansion Signals Operational Strength

A particularly noteworthy aspect of KPI Green Energy's Q4FY26 results is the significant expansion in EBITDA margin, which widened to 36.55% from 28.30% on a year-on-year basis — an improvement of over 8 percentage points. This margin expansion, alongside the near-doubling of EBITDA in absolute terms, points to improved cost efficiencies and stronger revenue quality during the quarter. The combination of higher net profit and improved margins underscores a broad-based improvement in the company's financial health for the reported period.

Newspaper Publication of Audited Financial Results

Pursuant to the provisions of Regulation 47 and 52(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, KPI Green Energy published its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in leading newspapers on May 07, 2026. The results were published in The Indian Express (English) and Financial Express (Gujarati). The financial results, along with the Auditor's Report, are also available on the stock exchange websites at www.bseindia.com and www.nseindia.com , as well as on the company's website at www.kpigreenenergy.com . The following table outlines the key details of the newspaper publication:

Earnings Conference Call and Audio Recording Submission

KPI Green Energy held its analyst/investor earnings conference call on Tuesday, May 12, 2026, at 11:00 AM IST to discuss the audited financial results for the quarter and year ended March 31, 2026. The call was represented by key members of the company's leadership team and was organized by Share India Securities Limited. The following table outlines the key details of the conference call:

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, KPI Green Energy has submitted the audio recording of the conference call to BSE Limited and the National Stock Exchange of India Limited. The audio recording is now available on the company's website at www.kpigreenenergy.com . The transcript of the conference call will be submitted in due course. The submission was signed by Moh. Sohil Yusuf Dabhoya, Whole Time Director (DIN: 07112947), on May 12, 2026.