KPI Green Energy has witnessed a substantial share acquisition by its promoter group, with Quyosh Energia Private Limited purchasing 15,99,029 shares through open market transactions between December 29-31, 2025. This significant investment by the promoter group entity demonstrates strong confidence in the renewable energy company's prospects.

Share Acquisition Details

The acquisition was executed by Quyosh Energia Private Limited, a promoter group entity of KPI Green Energy Limited, through systematic open market purchases over a three-day period. The transaction represents a notable increase in the entity's shareholding from a minimal base.

Shareholding Pattern Changes

The acquisition has resulted in a significant change in Quyosh Energia Private Limited's shareholding pattern. Prior to this transaction, the entity held merely 500 shares representing 0.00% of the company's equity. Following the acquisition, its total holding has increased to 15,99,529 shares, representing 0.81% of KPI Green Energy's total share capital.

Regulatory Compliance

The transaction has been disclosed in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed on January 2, 2026, with both BSE Limited and National Stock Exchange of India Limited, where KPI Green Energy's shares are listed under scrip code 542323 and symbol KPIGREEN respectively.

The company's equity share capital remains unchanged at ₹98.67 crores, divided into 19,73,41,073 equity shares of ₹5 each. The total diluted share capital stands at ₹99.35 crores, comprising 19,86,93,996 equity shares, accounting for potential conversion of outstanding convertible securities.

KPI Green Energy Limited has achieved a significant milestone by commencing power supply from its 92.15 MWp IPP Hybrid Power Project awarded by Gujarat Urja Vikas Nigam Limited (GUVNL) well ahead of schedule. The project has successfully achieved grid synchronization and begun power injection into the state grid, demonstrating the company's strong execution capabilities and integrated project development expertise.

Project Specifications and Capacity

The hybrid renewable energy project represents a strategic combination of wind and solar power generation technologies. The project specifications highlight the company's comprehensive approach to renewable energy development.

Early Commissioning and Grid Integration

The project has commenced power generation and supply to the state grid significantly ahead of the scheduled project completion timeline of July 2026. This early achievement reflects KPI Green Energy Limited's strong execution capabilities and demonstrates the company's ability to deliver large-scale renewable energy projects within accelerated timeframes. The successful grid synchronization marks the beginning of sustained revenue contribution from this strategic asset.

Financial Impact and Revenue Generation

With the commencement of power generation, the project is expected to begin contributing to the company's revenue on a sustained basis in accordance with the long-term Power Purchase Agreement executed with GUVNL. The contracted nature of the project provides several financial advantages for the company's growth trajectory.

Management Commentary

Dr. Faruk G. Patel, Chairman & Managing Director of KPI Green Energy Limited, emphasized the significance of this achievement: "The early start of power supply from this Hybrid IPP project for GUVNL demonstrates our team's strong execution capabilities and our continued focus on timely delivery of large-scale renewable energy projects. Hybrid solutions play an important role in enhancing generation reliability, and this milestone reinforces our position as a trusted renewable energy partner for state utilities."

Strategic Positioning and Future Outlook

The project reinforces KPI Green Energy Limited's focus on expanding its presence across wind, solar, and hybrid power segments while supporting grid stability through complementary renewable generation sources. This development aligns with the company's strategic objective of building a diversified and resilient renewable energy portfolio. The successful early commissioning demonstrates the company's capability to execute complex hybrid renewable energy projects and positions it as a reliable partner for state utilities seeking sustainable energy solutions.