KPI Green Energy Limited has fixed Tuesday, September 22, 2026, as the record date for determining shareholder eligibility for the final dividend for FY26. The company proposed a total payout of Re. 0.40 per equity share, which includes a special dividend of Re. 0.15.

Dividend Details

The Board of Directors recommended the dividend at its meeting on May 6, 2026. The payout comprises a final dividend of Re. 0.25 (5% of face value) and a special dividend of Re. 0.15. The face value of each equity share is ₹5. Payments will be made after the deduction of tax at source (TDS), in compliance with the Income-tax Act, 2025.

The declaration is subject to approval by members at the ensuing Annual General Meeting (AGM).

Tax Deduction at Source

Dividend income is taxable in the hands of shareholders. The company will deduct TDS based on residential status and documentation:

• Resident Individuals: TDS is 10% if PAN is valid and linked with Aadhaar. No TDS applies if total dividend income does not exceed ₹10,000 or if Form 121 is submitted. For this dividend, Form 121 is required only for holdings exceeding 25,000 shares. If PAN is invalid or not linked, TDS is 20%.
• Resident Non-Individuals: Insurance companies, mutual funds, AIFs, and business trusts may claim exemption by submitting specific self-declarations and registration certificates.
• Non-Resident Shareholders: Domestic tax law mandates withholding at 20% plus surcharge and cess. Shareholders may opt for Double Tax Avoidance Agreement (DTAA) benefits by submitting a Tax Residency Certificate, Form 41, and other required documents.
• GDR Holders: Tax is withheld at 10% plus surcharge and cess if PAN is provided; otherwise, it is 20%.

Shareholders must submit necessary documents by Monday, September 21, 2026, to ensure appropriate TDS rates are applied.

Regulatory Compliance

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013. Krunal Bhatt, Company Secretary & Compliance Officer, signed the disclosure on September 5, 2026.

KPI Green Energy Limited has appointed M/s. MSKC & Associates LLP as the statutory auditor for its material subsidiary, Sun Drops Energia Limited. The appointment fills a casual vacancy created by the resignation of K A Sanghavi & Co LLP, effective September 2, 2026.

The change in auditors is part of a strategic move to align the statutory auditors of the subsidiary with those of the holding company. K A Sanghavi & Co LLP resigned after completing its second term, during which it also served as the statutory auditor for KPI Green Energy Limited. The firm is not eligible for re-appointment at the parent level.

Auditor Transition Details

The Board of Directors of Sun Drops Energia Limited approved the appointment of MSKC & Associates LLP based on the recommendation of the Audit Committee. This interim appointment holds office until the conclusion of the ensuing Annual General Meeting (AGM) of the subsidiary.

The board has further recommended that MSKC & Associates LLP be appointed for a term of five consecutive years. If approved by shareholders at the AGM, the firm will hold office from the conclusion of the 7th AGM until the conclusion of the 12th AGM in 2031.

Resignation Context

K A Sanghavi & Co LLP confirmed there were no concerns regarding the management of Sun Drops Energia Limited that hampered the audit process. The resigning firm completed the statutory audit for the financial year ended March 31, 2026, and issued its audit report on May 5, 2026.

As there were no matters warranting deliberation by the Audit Committee under SEBI Listing Regulations, separate disclosure of the committee's views was not required. The transition ensures continuity in audit oversight while consolidating the governance structure across the group.