KPI Green Energy Limited has received Notifications of Award (NOAs) from NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited, for the Balance of System (BOS) Package pertaining to the development of 500 MW Grid Connected Solar PV Projects at Bikaner, Rajasthan. The company disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, via an intimation dated May 08, 2026.

Project Structure and Contract Value

The award is divided into two blocks of 300 MW and 200 MW, with a combined aggregate contract value of ₹621 crore, excluding GST. The following table outlines the financial breakdown of the two blocks:

Scope of Work

The contract encompasses a comprehensive range of services and deliverables across the project lifecycle. Key components of the scope include:

• Supply of plant and equipment
• Inland transportation and insurance
• Installation, testing, and commissioning
• Civil and allied works
• Comprehensive Operation and Maintenance (O&M) services for 3 years from the Commercial Operation Date (COD)
• Annual Maintenance Contract (AMC) for 10 years

The contract agreement is to be executed in accordance with the terms of the Notifications of Award and the bid documents. The execution timeline for the first and second contracts is in accordance with the contract terms and project schedule, while the third contract (O&M) spans 3 years from successful commissioning or COD.

Strategic Significance

This project marks KPI Green Energy's significant entry into Rajasthan, one of India's most prominent renewable energy hubs. The award expands the company's geographical footprint and supports its strategy of participating in large utility-scale solar opportunities across renewable-rich states. This award further strengthens the company's positioning in India's fast-growing renewable energy landscape and aligns with the Government of India's initiatives to expand green energy capacity and support sustainable infrastructure development.

Regulatory Disclosure

The intimation was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure confirms that neither the promoter, promoter group, nor group companies hold any interest in NTPC REL, and the transaction does not constitute a related party transaction. The disclosure was signed by Moh. Sohil Yusuf Dabhoya, Whole Time Director of KPI Green Energy Limited (DIN: 07112947), on May 08, 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 has also scheduled 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 Scheduled for May 12, 2026

Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, KPI Green Energy has scheduled a conference call with analysts and investors 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 will be represented by key members of the company's leadership team. The following table outlines the key details of the conference call:

The conference call is being organized by Share India Securities Limited. For enquiries regarding the call, investors may contact Harsh Patel at Share India Securities Limited via email at harsh.patel@shareindia.com or on +91 97692 66884. The conference call information is also being hosted on the company's website at www.kpigreenenergy.com .