KPI Green Energy Limited has scheduled an Extra-Ordinary General Meeting (EGM) on January 16, 2026 at 11:00 AM through Video Conference to seek shareholder approval for its previously announced preferential issue of equity warrants worth ₹475 crore.

EGM Details and Timeline

The company has set a comprehensive timeline for the approval process of the preferential issue to promoter group entity Quyosh Energia Private Limited:

Preferential Issue Structure

The board has approved the issuance of up to 1.01 crore fully convertible equity warrants with the following terms:

Payment and Conversion Terms

The warrant structure follows SEBI regulations with staggered payment:

Fund Utilization Plan

The company has outlined specific objectives for the raised funds:

The funds will primarily support the development of existing and upcoming Independent Power Producer (IPP) renewable energy projects, including equipment procurement, civil works, and evacuation infrastructure.

Shareholding Impact

Upon full conversion of warrants, the shareholding structure will change significantly:

Quyosh Energia Private Limited's holding will increase from negligible to 4.87% of the company's equity.

Regulatory Compliance

The company has appointed India Ratings and Research Private Limited as the monitoring agency to oversee fund utilization, as required for issues exceeding ₹100 crore. The issue price of ₹470.30 per warrant complies with SEBI ICDR Regulations, being higher than both the 90-day VWAP (₹470.26) and 10-day VWAP (₹414.47) preceding the relevant date of December 17, 2025.

KPI Green Energy Limited has announced a board meeting scheduled for December 17, 2025, to discuss a comprehensive fundraising proposal under Regulation 29 of SEBI Listing Regulations. The power generation and distribution company will evaluate raising funds through equity or equity-linked securities to strengthen its capital base.

Meeting Agenda and Details

The board meeting will focus on a specific fundraising proposal involving the issuance of equity or equity-linked convertible securities, including warrants, to promoters and promoter groups. The company has outlined multiple permissible modes for this capital raising exercise.

Fundraising Structure

The proposed fundraising will target promoters and promoter groups through various methods including private placement and preferential issue. The initiative requires regulatory and statutory approvals, with potential shareholder approval depending on the final structure.

Trading Window Closure

In compliance with SEBI insider trading regulations, KPI Green Energy has implemented a trading window closure effective December 12, 2025. The restriction applies to all directors, officers, connected persons, and designated insiders along with their immediate relatives, remaining closed until 48 hours after the board meeting outcome declaration.

This fundraising initiative represents a strategic move by KPI Green Energy to enhance its financial position in the competitive power generation and distribution sector, with the board set to determine specific terms including issue price and final structure.