Orient Green Power invests ₹21.96 crore in Delta Renewable

Orient Green Power Company Limited has invested ₹21,95,90,940 in its subsidiary, Delta Renewable Energy Private Limited, subscribing to 2,19,59,094 equity shares at a face value of ₹10 each. The allotment, which occurred on July 06, 2026, was part of the fifth tranche of Delta Renewable Energy's preferential issue. This transaction maintains Orient Green Power's equity holding in the subsidiary at 70%, ensuring continued control over the entity's renewable energy operations.

The investment marks the completion of the preferential issue process for Delta Renewable Energy. The subsidiary was incorporated on November 29, 2023, and has a post-issue paid-up equity share capital of ₹44,31,28,000. The transaction was conducted on an arm's length basis and is classified as a related party transaction under SEBI Listing Obligations and Disclosure Requirements Regulations.

Delta Renewable Energy focuses on the renewable energy sector and has successfully commissioned a 7 MW AC solar power project at Krishnapuram and Veeraganallur Villages in Thiruvallur District, Tamil Nadu. Additionally, the subsidiary has entered into an EPC Contract to develop a 17.6 MW AC solar power project in Thiruvannamalai District, Tamil Nadu, which is currently under progress. The project development commenced on December 05, 2025.

Transaction Details

The following table outlines the key financial and operational details of the allotment:

Particulars	Details
Name of Target Entity	Delta Renewable Energy Private Limited
Shares Allotted	2,19,59,094 Equity Shares
Face Value	₹10 each
Total Consideration	₹21,95,90,940
Post-Issue Shareholding	70%
Industry	Renewable Energy
Date of Allotment	July 06, 2026

The object of the preferential issue was to raise capital for developing solar power projects. As this tranche represents the final stage of the issue, the investment into Delta Renewable Energy is now complete. No specific governmental or regulatory approvals were required for this acquisition.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.29%	-1.92%	-9.71%	-13.23%	-28.91%	+290.46%

SVL Limited, a promoter of Orient Green Power Company Limited , disclosed that Janati Bio Power Private Limited has pledged its entire shareholding of 28,59,52,084 equity shares as of March 31, 2026. The disclosure, submitted to BSE Limited and the National Stock Exchange of India Limited, confirms that the encumbered shares represent 100% of the holdings held by Janati Bio Power Private Limited. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

The total promoter and Persons Acting in Concert (PAC) shareholding stands at 28,59,70,024 equity shares. This includes 5,000 shares held by SVL Limited and 28,59,52,084 shares held by Janati Bio Power Private Limited. The document explicitly states that no new encumbrances have been created directly or indirectly during the financial year ended March 31, 2026, beyond those already disclosed.

Shareholding and Encumbrance Details

The following table outlines the shareholding and pledge status as of March 31, 2026:

Particulars	Details
Total Promoter/PAC Shareholding	28,59,70,024 Equity Shares
SVL Limited	5,000 shares
Janati Bio Power Private Limited	28,59,52,084 shares
Total Encumbered Shares	28,59,52,084 shares (Janati Bio Power Private Limited)
Encumbered shares as % of promoter shareholding	100%

Corporate Action Update

The filing also noted a pending corporate action regarding the merger of erstwhile promoters Syandana Energy Private Limited and Nivedana Power Private Limited with SVL Limited. Pursuant to an order by the National Company Law Tribunal (NCLT), these entities no longer exist. However, the process of crediting 5,000 shares from Syandana and 7,940 shares from Nivedana to SVL Limited is currently under way.