K.P. Energy Completes ₹21.28 Crore Warrant Conversion, Increases Paid-Up Capital

K.P. Energy Limited has successfully completed the conversion of 6,88,800 warrants into equity shares, marking a significant milestone in its capital restructuring initiative. The Board of Directors approved the allotment on January 21, 2026, converting warrants held by promoter Dr. Faruk G. Patel into an equivalent number of equity shares.

Warrant Conversion Details

The conversion was executed at a predetermined price structure established during the initial warrant issuance. The company received the balance consideration amount to complete the transaction.

Parameter	Details
Number of Warrants Converted	6,88,800
Issue Price per Share	₹412.00
Face Value per Share	₹5.00
Premium per Share	₹407.00
Balance Consideration Received	₹21,28,39,200
Percentage of Total Issue Price	75%

The warrant conversion follows the original framework where 25% of the consideration (₹103 per warrant) was paid upfront during the initial allotment, with the remaining 75% (₹309 per warrant) paid upon conversion. This structure complied with SEBI ICDR Regulations and was approved by shareholders on July 31, 2024.

Impact on Share Capital Structure

The warrant conversion has resulted in a notable increase in the company's paid-up equity share capital. The transaction expanded the total number of outstanding shares and modified the overall capital structure.

Capital Structure	Before Conversion	After Conversion
Paid-Up Share Capital	₹33,45,35,205	₹33,79,79,205
Total Number of Shares	6,69,07,041	6,75,95,841
Face Value per Share	₹5.00	₹5.00

The newly allotted equity shares carry the same rights and privileges as existing shares, including voting rights and dividend entitlements. This ensures parity across all equity holdings in the company.

Promoter Shareholding Changes

Dr. Faruk G. Patel's shareholding in K.P. Energy Limited has increased following the warrant conversion. The change reflects the addition of converted shares to his existing equity position.

Shareholding Details	Pre-Allotment	Post-Allotment
Number of Shares Held	3,00,29,226	3,07,18,026
Percentage of Total Capital	44.88%	45.44%

The promoter group's enhanced stake demonstrates continued commitment to the company's growth trajectory. The increase in shareholding percentage, while modest, represents a strengthening of promoter control and alignment with company interests.

Regulatory Compliance and Process

The warrant conversion process adhered to all applicable regulatory requirements under SEBI guidelines. The company fulfilled disclosure obligations under Regulation 30 of SEBI LODR Regulations and maintained transparency throughout the conversion process.

The Board meeting to approve the allotment was conducted on January 21, 2026, commencing at 10:00 AM and concluding at 10:40 AM. All procedural requirements were met, including proper documentation and regulatory filings with both BSE and NSE.

With this conversion, K.P. Energy Limited has successfully completed the entire warrant allotment process, with no pending warrants remaining for future conversion. The company has received the complete issuance amount, strengthening its financial position and capital base for future operations and growth initiatives.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.15%	-2.62%	-8.15%	-39.68%	-35.01%	-41.99%

K.P. Energy Limited has announced that its Board of Directors will convene on Wednesday, January 21, 2026, at the company's registered office to consider crucial financial matters for the third quarter of fiscal year 2026. The meeting has been scheduled in compliance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting will address several key business items that are significant for shareholders and market participants. The primary focus will be on reviewing the company's financial performance for the recently concluded quarter.

Agenda Item	Details
Financial Results	Standalone and consolidated unaudited financial results for quarter and nine months ended December 31, 2025
Dividend Declaration	Third interim dividend consideration for equity shares for FY2025-26
Additional Matters	Any other business with Chair's permission

Key Meeting Details

The board will specifically consider and approve the standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025. This comprehensive review will provide insights into the company's operational and financial performance during this period.

Additionally, the directors will deliberate on declaring a third interim dividend on the equity shares of the company for the financial year 2025-26. This potential dividend declaration demonstrates the company's commitment to returning value to shareholders.

Trading Window and Compliance

In accordance with the company's code of conduct and SEBI (Prohibition of Insider Trading) Regulation, 2015, K.P. Energy Limited has implemented appropriate trading restrictions. The trading window closure period will conclude 48 hours after the financial results are made public on January 21, 2026.

The meeting notification was signed by Affan Faruk Patel, Whole Time Director (DIN: 08576337), and communicated to both BSE Limited (Script Code: 539686) and National Stock Exchange of India Limited (Symbol: KPEL) as per regulatory requirements.

Company Background

K.P. Energy Limited operates from its registered office at 'KP House', Near KP Circle, Opp. Ishwar Farm Junction BRTS, Canal Road, Bhatar, Surat-395017, Gujarat. The company holds ISO 14001:2015, ISO 9001:2015, and ISO 45001:2018 certifications, reflecting its commitment to quality and environmental standards.