KPI Green Energy has granted 75,000 stock options to an eligible employee under its Employee Stock Option Plan 2023. The options carry an exercise price of Rs. 35 per share, as approved by the company's Nomination and Remuneration Committee on July 03, 2026. Each option will convert into one equity share with a face value of Rs. 5.

The vesting schedule spans four years, requiring a minimum vesting period of one year. The structure allows for the options to be exercised within three months from the date of vesting. Shares issued upon exercise will be freely transferable without any lock-in period.

Vesting Schedule

The options will vest in the following tranches:

Key Terms

The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The maximum vesting period for any option granted will not exceed five years from the date of grant. Any options not exercised within the specified period will lapse.

KPI Green Energy has commenced the remote e-voting process for its postal ballot, seeking shareholder approval for the appointment of Mr. Rajesh Shrivastava as Whole Time Director and the re-appointment of Mrs. Venu Birappa as Non-Executive Independent Director. The e-voting facility is available from June 26, 2026, at 09:00 a.m. to July 25, 2026, at 05:00 p.m., with results scheduled to be declared on or before July 28, 2026. These resolutions are critical for the company's leadership structure and governance.

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process. Shareholders whose email addresses are registered with the company or depositories as of the cut-off date of June 19, 2026, will receive the notice electronically. In compliance with Ministry of Corporate Affairs circulars, no physical ballot forms are being dispatched. Members who have not registered their email addresses must do so by contacting Bigshare Services Private Limited or the company to enable voting. Mr. Chirag Shah and Mr. Raimeen Maradiya of M/s. Chirag Shah & Associates have been appointed as scrutinizers.

Resolutions for Approval

The postal ballot notice outlines three special business items. Item 1 seeks approval for the appointment of Mr. Rajesh Shrivastava (DIN: 08757239) as a Director of the company, liable to retire by rotation. He was appointed as an Additional Director effective May 15, 2026, and this resolution seeks member approval to regularize his position.

Item 2 proposes the appointment of Mr. Rajesh Shrivastava as Whole Time Director and Key Managerial Personnel for a period of five years, effective from May 15, 2026, to May 14, 2031. The resolution authorizes the Board to determine his remuneration within the limits prescribed under Section 197 and Schedule V of the Companies Act, 2013. The explanatory statement details his extensive experience in the renewable energy sector, including previous roles at Reliance New Energy, Aditya Birla Renewables, and Adani Green Energy.

Item 3 concerns the re-appointment of Mrs. Venu Birappa (DIN: 09123017) as a Non-Executive Independent Director for a second term of five consecutive years from August 03, 2026, to August 02, 2031. She is currently a member of the Audit, Nomination and Remuneration, Risk Management, and Corporate Social Responsibility committees. The Board has noted her significant contributions and adherence to independence standards.

Financial Performance and Disclosures

The explanatory statement includes the company's financial performance for the periods 2024-25 and 2025-26. The standalone revenue from operations increased to ₹198,949.65 lakh in 2025-26 from ₹159,200.01 lakh in the previous year. Profit after tax for the same period rose to ₹39,272.86 lakh compared to ₹25,235.42 lakh. On a consolidated basis, revenue grew to ₹269,590.99 lakh in 2025-26 from ₹173,545.35 lakh in 2024-25, with profit after tax reaching ₹50,923.78 lakh against ₹32,527.76 lakh.

Standalone Financial Results (₹ in Lakhs)

Consolidated Financial Results (₹ in Lakhs)

The notice confirms that neither the company nor its directors have any pecuniary relationships or interests in the resolutions, other than the appointees themselves. The company has also stated it has not defaulted on payments to any banks or public financial institutions.