KPI Green Energy has incorporated a wholly owned subsidiary named "KPGC Global Corporation IFSC Private Limited" in the International Financial Services Centre (IFSC) at GIFT City, Gujarat. The incorporation was completed on April 23, 2026, with the company filing regulatory intimation under SEBI Listing Regulations on April 24, 2026.

Subsidiary Structure and Capital Details

The newly incorporated subsidiary has been established with substantial financial backing and clear operational objectives:

Business Objectives and Strategic Purpose

The subsidiary has been established with specific operational mandates that align with KPI Green Energy's corporate strategy. KPGC Global Corporation IFSC Private Limited will function as a Group Resource and Capital Treasury Centre (GRCTC), undertaking centralized treasury and financial management services for the group.

GIFT City Advantages

The strategic location in GIFT City's IFSC provides several operational benefits:

• Special Economic Zone (SEZ) regulatory framework
• International financial services center infrastructure
• Enhanced connectivity and business facilitation
• Streamlined regulatory environment for financial operations

The subsidiary is yet to commence business operations, with current turnover listed as nil. This incorporation represents KPI Green Energy's expansion into specialized financial services and treasury management operations within India's premier international financial hub.

KPI Green Energy Limited has secured a major regulatory approval that significantly expands its market reach and trading capabilities. The Central Electricity Regulatory Commission (CERC) has granted the company an Inter-State Power Trading Licence (Category IV), enabling participation in India's national power markets and cross-state electricity trading operations.

Comprehensive Trading Platform Development

The CERC approval represents a strategic milestone for KPI Green Energy, complementing its existing intra-state power trading licence from the Gujarat Electricity Regulatory Commission (GERC). Together, these regulatory approvals position the company to operate a comprehensive pan-India power trading platform, allowing seamless market participation across multiple jurisdictions.

Enhanced Market Access and Flexibility

The inter-state trading licence authorizes KPI Green Energy to undertake electricity trading across state boundaries, enabling alignment of power sales strategy with regional demand dynamics. This regulatory approval enhances the company's ability to respond to evolving market conditions and demand patterns across different geographical regions.

Dr. Faruk G. Patel, Chairman & Managing Director, emphasized the strategic importance of this development: "The inter-state trading licence strengthens our ability to operate seamlessly across markets and respond to evolving demand patterns. It enhances our flexibility in power sales, supports better price discovery, and positions KPI Green Energy to unlock greater value from its growing renewable energy portfolio."

Strategic Market Opportunities

The CERC licence enables KPI Green Energy to pursue several strategic market opportunities that were previously unavailable. The company can now access demand centres across multiple states, expanding beyond region-specific power offtake arrangements and engaging with a wider spectrum of customers including industrial and utility buyers in different geographies.

Company Background and Strategic Vision

Established in 1994 by Dr. Faruk G. Patel, KP Group has evolved into a multi-faceted conglomerate with core expertise in renewable energy, infrastructure, and innovation. Over three decades, the group has championed sustainability through transformative projects in wind, solar, hybrid energy, Battery Energy Storage System (BESS) and green hydrogen, contributing to India's green energy mission.

This development aligns with KPI's broader strategy of enhancing power trading and commercial capabilities, establishing the foundation for a scalable, pan-India power marketing platform that supports the company's renewable energy portfolio expansion.