KP Green Engineering Limited has issued a comprehensive postal ballot notice dated February 26, 2026, seeking shareholder approval for material related party transactions with four group companies. The company has scheduled remote e-voting from March 01 to March 30, 2026, to obtain member consent for transactions totaling up to ₹17,000 crores.

Postal Ballot Schedule and Process

The company has established a detailed timeline for the postal ballot process, with all voting conducted exclusively through remote e-voting in compliance with Ministry of Corporate Affairs circulars.

The Board of Directors appointed Mr. Chirag Shah and failing him Mr. Raimeen Maradiya, Partners of M/s. Chirag Shah & Associates, as scrutinizers for conducting the postal ballot process. Central Depository Services (India) Limited (CDSL) will provide the remote e-voting facility.

Material Related Party Transactions

The postal ballot seeks approval for four separate ordinary resolutions covering material related party transactions with commonly controlled group companies within the KP Group.

Transaction Details by Entity

Transaction Scope and Business Rationale

The proposed transactions will span three financial years from FY 2025-26 to FY 2027-28. KP Green Engineering will manufacture, fabricate, galvanize, and supply steel structures, module mounting structures (including tracker MMS), poles, cable trays, earthing materials, hardware, and other engineering items to these related parties for use in their renewable energy projects.

The transactions also encompass related fabrication, erection, engineering, and allied services, along with potential purchase of goods or services and provision of trade advances. All proposed transactions will be conducted on an arm's length basis in the ordinary course of business.

Historical Transaction Performance

The company has disclosed previous transaction volumes with these related parties, demonstrating established business relationships.

FY 2024-25 Transaction Summary

Regulatory Compliance and Approval Process

The Audit Committee reviewed and approved the proposed transactions on February 26, 2026, based on relevant details provided by management and regulatory compliance certificates. The transactions require shareholder approval as they exceed materiality thresholds under SEBI Listing Regulations, which mandate approval for transactions exceeding ₹50 crores or 10% of annual consolidated turnover, whichever is lower.

The company's annual consolidated turnover for the immediately preceding financial year serves as the baseline for calculating materiality percentages. Related parties as defined under SEBI Listing Regulations will not be permitted to vote on these resolutions.

Voting Instructions and Member Communication

In compliance with MCA circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company, registrar, or depositories as of the cut-off date. No physical postal ballot forms will be dispatched.

Members can access detailed voting instructions through the company's website at www.kpgreenengineering.com and CDSL's e-voting platform at www.evotingindia.com . The company has provided comprehensive guidelines for both individual and institutional shareholders holding securities in demat and physical form.

The Board of Directors recommends approval of all four resolutions, citing operational synergies, business efficiencies, and enhanced revenue visibility expected from these arrangements as being in the best interests of the company and its public shareholders.

KP Green Engineering Limited has reached a significant operational milestone with the successful manufacture and dispatch of its first lighting pole order, marking a notable expansion in its infrastructure product offerings.

Manufacturing Achievement at Matar Facility

The company announced that the lighting poles were designed, engineered, and fully manufactured at its Matar facility. This achievement demonstrates KP Green Engineering's growing manufacturing capabilities and operational readiness to cater to diversified and high-quality engineering requirements.

Strategic Business Expansion

This milestone further strengthens the company's presence in the infrastructure and engineering products segment. The successful completion of this first lighting pole order represents KP Green Engineering's commitment to expanding its product portfolio beyond its traditional offerings.

The achievement aligns with the company's growth strategy of diversifying into various engineering segments while maintaining high-quality manufacturing standards. The in-house production capability at the Matar facility positions the company to serve a broader range of infrastructure requirements.

Operational Capabilities

The successful manufacture and dispatch of the lighting poles showcases several key operational strengths:

• Complete design and engineering capabilities
• Full manufacturing infrastructure at Matar facility
• Quality control and production management systems
• Logistics and dispatch capabilities

This development marks another landmark in KP Green Engineering's growth journey as the company continues to achieve significant operational and business milestones while steadily expanding its product portfolio in the infrastructure sector.