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.

KPI Green Energy has incorporated a wholly owned subsidiary named KPGC One Private Limited to expand its operations in the renewable energy sector. The subsidiary was incorporated on June 18, 2026, and is registered with the Registrar of Companies, Ahmedabad. This strategic move allows the parent company to diversify its energy generation capabilities, including solar, wind, hydro, biomass, and thermal energy.

The newly formed entity, KPGC One Private Limited, has an authorized and subscribed capital of ₹1,00,000, divided into 10,000 equity shares of ₹10 each. KPI Green Energy holds 100% of the shareholding in the subsidiary through cash consideration. The subsidiary is yet to commence business operations, and its turnover is currently nil.

Key Details of KPGC One Private Limited

The primary object of KPGC One Private Limited is to generate, store, transmit, distribute, purchase, sell, and supply electricity from conventional and renewable sources. The subsidiary will also be responsible for establishing, owning, developing, operating, and maintaining power plants and energy storage systems. This includes activities incidental to the core business of energy production and distribution.

The incorporation was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was submitted by Krunal Bhatt, Company Secretary & Compliance Officer of KPI Green Energy Limited, on June 19, 2026.