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 has secured a significant contract from NTPC for its first green hydrogen and waste-to-energy project, marking a major milestone in the company's expansion into emerging clean energy technologies. The project, valued at ₹128.49 crores, represents KPI Green Energy's entry into the green hydrogen sector.

Project Details

The awarded project will be implemented at NTPC's Greater Noida facility and will utilize advanced plasma gasification technology for waste-to-energy conversion. This technology represents a cutting-edge approach to waste management while simultaneously producing clean energy.

Strategic Significance

This award notification marks KPI Green Energy's diversification beyond its traditional solar and wind power segments into the rapidly growing green hydrogen market. The project combines two critical aspects of India's clean energy transition - green hydrogen production and efficient waste management through energy recovery.

Technology Integration

The plasma gasification technology to be deployed represents an advanced waste-to-energy solution that can handle various types of waste materials while producing syngas, which can be further processed for green hydrogen production. This integrated approach aligns with India's national hydrogen mission and circular economy objectives.

The successful execution of this project could position KPI Green Energy as a key player in the emerging green hydrogen ecosystem, complementing its existing renewable energy portfolio and enhancing its technological capabilities in the clean energy sector.