KPI Green Energy has incorporated a new wholly owned subsidiary, KPGC Two Private Limited, on September 26, 2026. The entity is registered under the renewable energy industry and aims to engage in electricity generation, storage, and distribution activities.

The subsidiary was established with an authorized and subscribed capital of ₹1,00,000 (Rupees One Lakh), comprising 10,000 equity shares of ₹10 each. As the company is yet to commence business operations, its turnover is currently nil. The incorporation was disclosed to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Details

The newly formed entity, registered with the Registrar of Companies, Ahmedabad, holds 100% shareholding by the parent company. The acquisition was executed via cash consideration.

Business Objectives

KPGC Two Private Limited has been incorporated with specific objects related to the energy sector. These include:

• Generating, storing, transmitting, distributing, purchasing, selling, and supplying electricity from conventional and renewable sources.
• Establishing, owning, developing, operating, and maintaining power plants and energy storage systems.
• Undertaking activities incidental to the above, including solar, wind, hydro, biomass, and thermal energy projects.

The company confirmed that no governmental or regulatory approvals were required for this incorporation, and the transaction does not fall under related party transactions.

KPI Green Energy Limited shareholders approved a material related party transaction with Sun Drops Energia Limited, formerly known as Sun Drops Energia Private Limited. The ordinary resolution passed with 64.16% of the valid votes cast in favor, while 35.84% voted against it.

The voting results were submitted to stock exchanges on September 26, 2026, pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot, conducted exclusively through electronic means, concluded on September 24, 2026. The scrutinizer’s report confirmed that the requisite majority was achieved for the single agenda item presented.

Voting breakdown by shareholder category

The approval was driven primarily by retail non-institutional shareholders, who overwhelmingly supported the transaction. In contrast, institutional investors displayed strong dissent, casting a majority of their votes against the proposal. Promoters and promoter group members abstained from voting entirely, as they were interested parties in the transaction.

What the numbers show

The data reveals a stark divergence in sentiment between institutional and retail investors regarding this related party transaction. While public institutions voted against the resolution by a margin of 84.45%, public non-institutions supported it by 99.76%. This split suggests that institutional investors may have concerns about the valuation or fairness of the deal that retail shareholders did not share or prioritize. The promoters’ complete abstention from voting highlights the regulatory requirement for interested parties to refrain from influencing such decisions, leaving the outcome entirely dependent on public shareholder consensus.