GRE Renew Enertech Limited has formally authorized four Key Managerial Personnel (KMP) to determine the materiality of events and information for regulatory disclosure purposes. The authorization, disclosed to BSE Limited on February 4, 2026, ensures compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Authorized Key Personnel

The company's Board of Directors has designated the following personnel with authority to make material event disclosures to stock exchanges:

Regulatory Compliance Framework

This authorization aligns with SEBI's requirement for listed companies to designate specific personnel responsible for determining what constitutes material information requiring disclosure. The framework ensures that material events and information are promptly evaluated and disclosed to maintain transparency with investors and regulatory bodies.

Company Details

GRE Renew Enertech Limited, formerly known as GRE Renew Enertech Private Limited, trades on BSE with the symbol GRERENEW and scrip code 544682. The company's ISIN is INE08P01015. The disclosure was signed by Managing Director Mr. Kamleshkumar D Patel (DIN: 02061331) from the company's location in Mehsana, Gujarat.

The authorization streamlines the company's regulatory compliance process by clearly defining the decision-making authority for material event disclosures, ensuring adherence to SEBI's listing obligations and maintaining transparent communication with stakeholders.

GRE Renew Enertech experienced a challenging market debut on January 21, 2026, as its shares opened at a significant discount and continued to decline throughout the trading session. The renewable energy company's listing on BSE SME fell well below investor expectations, triggering concerns about market sentiment in the SME segment.

Listing Performance and Price Movement

The company's shares were listed at ₹96 per share, representing an 8.57% discount to the issue price of ₹105. The stock briefly touched a high of ₹99 during early trading but quickly surrendered gains as selling pressure intensified.

By 10:50 AM, GRE Renew Enertech shares were locked at the 5% lower circuit of ₹91.20, representing a 13.14% decline from the issue price and a 5% fall from the listing price. The stock remained at this level amid continued selling pressure and weak broader market sentiment.

IPO Subscription and Timeline

Despite the poor listing performance, the IPO had garnered strong investor interest during the subscription period. The public issue was oversubscribed 16.53 times in total across all investor categories.

The IPO opened for bidding on January 13 and closed on January 16, with the allotment status finalized on January 19. The strong subscription numbers across all categories indicated robust investor appetite, making the weak listing performance particularly disappointing.

Issue Details and Market Expectations

GRE Renew Enertech raised ₹39.56 crores through a fresh issue of 37.68 lakh equity shares. The company had set a price band of ₹100-₹105 per share for the book-build issue. Share India Capital Services served as the book running lead manager, while Maashitla Securities acted as the registrar for the IPO.

The listing performance fell short of grey market indications, where the GRE Renew Enertech IPO Grey Market Premium was 1%, suggesting the stock would list at a 1% premium to the issue price. Instead, the significant discount highlighted the disconnect between pre-listing expectations and actual market reception.

Market Context

The weak debut occurred amid challenging conditions in the broader Indian stock market, which contributed to the selling pressure on the newly listed stock. The performance reflects the current cautious sentiment in the SME segment, where investors are showing increased selectivity despite strong subscription numbers during the IPO process.