Orient Green Power Company Limited has announced the release of pledge on its investments in five subsidiaries following approval from its promoter SVL Limited. The company informed stock exchanges on April 01, 2026, that SVL Limited issued a No Objection Letter conveying its approval for the pledge release.

Subsidiary Investments Released from Pledge

The pledge release covers investments across five key subsidiaries with varying ownership percentages:

Background of Pledge Creation

The original pledge on these subsidiary investments was created in favor of SVL Limited, one of the promoters of Orient Green Power Company Limited. This pledge was established against loans extended to the company and its subsidiaries. The company had previously communicated the creation of this pledge to stock exchanges through intimations dated May 12, 2025 and June 24, 2025.

Regulatory Compliance

The announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the regulatory filing, the impact of the pledge release on the listed entity is stated as nil. The company has requested stock exchanges to take the information on record and acknowledge the same.

Corporate Structure Impact

The pledge release affects investments spanning both domestic and international subsidiaries, including the Netherlands-based Orient Green Power Europe BV. The subsidiaries operate primarily in the renewable energy sector, with several entities focused on wind farm operations. The release of these pledges provides the company with greater flexibility in managing its subsidiary investments without encumbrances.

Orient Green Power Company Limited has made a strategic investment of ₹23.33 lakh in its subsidiary Delta Renewable Energy Private Limited through a preferential allotment of equity shares. The transaction, completed on April 01, 2026, demonstrates the company's continued commitment to expanding its renewable energy portfolio through its subsidiary operations.

Investment Details

The investment involved the acquisition of 2,33,333 equity shares at a face value of ₹10.00 each from Delta Renewable Energy's fourth tranche of preferential issue. Orient Green Power subscribed to these shares out of the total 3,33,333 equity shares offered in this tranche.

About Delta Renewable Energy

Delta Renewable Energy Private Limited was incorporated on November 29, 2023, as a subsidiary focused on renewable energy development. The company's post-issue paid-up equity share capital stands at ₹12.94 crore, reflecting its growing capital base for project development.

The subsidiary has achieved significant operational milestones in the solar power sector:

• Operational Project: Successfully commissioned a 7 MW AC / 9.8 MW DC solar power project at Krishnapuram and Veeraganallur Villages in Thiruvallur District, Tamil Nadu
• Under Development: Entered into an EPC Contract on December 05, 2025, to develop a 17.6 MW AC (24.64 MW DC) solar power project in Thiruvannamalai District, Tamil Nadu

Transaction Structure and Compliance

The investment represents a related party transaction conducted on an arm's length basis, as Orient Green Power maintains its controlling 70% stake in Delta Renewable Energy. The transaction falls under the regulatory framework of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Strategic Objectives

The preferential allotment aligns with Orient Green Power's strategy to develop renewable energy capacity through its subsidiary structure. The funds raised through this multi-tranche approach will support Delta's ongoing solar power project development activities. The company's maintained 70% shareholding ensures continued control over the subsidiary's strategic direction while allowing for additional capital infusion from other participants in the preferential issue.

This investment reinforces Orient Green Power's position in the renewable energy sector, particularly in solar power generation across Tamil Nadu, as the company continues to expand its operational capacity through its subsidiary network.