KPI Green Energy Limited has announced the successful completion of a significant wind power project in Gujarat, marking another milestone in India's renewable energy expansion. The company completed a 92.4 MW wind power project for Ayana Renewable Power Four at Nakhatrana, Bhuj, Gujarat, as disclosed under Regulation 30 of SEBI regulations on February 20, 2026.

Project Specifications and Infrastructure

The wind power project encompasses comprehensive infrastructure development with significant technical specifications:

Scope of Work and Technical Execution

KPI Green Energy Limited completed all works under its comprehensive project scope, demonstrating its technical capabilities across multiple infrastructure components. The company's execution included:

• Balance of Plant (BOP) infrastructure development
• Power Substation (PSS) construction and commissioning
• EHV transmission line installation
• Complete erection and installation of wind turbine generators

The project has received the requisite Central Electricity Authority (CEA) approval, ensuring compliance with regulatory standards and operational readiness.

Strategic Impact on Renewable Energy Sector

The successful completion of this wind power project reflects KPI Green Energy Limited's execution capabilities in delivering large-scale and complex renewable energy infrastructure projects. The project contributes to India's clean energy transition while strengthening the country's renewable power capacity.

The 92.4 MW addition to Gujarat's wind power capacity aligns with the state's renewable energy objectives and supports the national clean energy agenda. The project's location in Nakhatrana, Bhuj, leverages the region's favorable wind resources for optimal power generation.

Company's Project Delivery Excellence

The completion of this comprehensive wind power project demonstrates KPI Green Energy Limited's technical expertise across the entire project lifecycle. From infrastructure development to turbine installation, the company has showcased its ability to handle complex renewable energy projects with multiple technical components.

The project's successful execution, combined with regulatory approvals, positions the company as a reliable partner for large-scale renewable energy infrastructure development in India's growing clean energy sector.

KPI Green Energy Limited has completed the allotment of 1,01,00,000 fully convertible equity warrants to its promoter group entity Quyosh Energia Private Limited through preferential issue on February 18, 2026. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Warrant Allotment Details

The preferential allotment significantly impacts the shareholding structure of KPI Green Energy. The warrants represent 4.87% of the company's total diluted share capital and increase the promoter group's collective holding on a fully diluted basis.

Shareholding Impact Analysis

The warrant allotment has altered the promoter group's shareholding pattern on a diluted basis. Before the allotment, the promoter group held 49.49% of the total share capital, which has now increased to 51.95% on a fully diluted basis.

Key Promoter Group Entities

The promoter group comprises seven entities, with Farukbhai Gulambhai Patel holding the largest stake of 9,59,52,136 shares (48.62% of total share capital). Other promoter group members include Gulammahmad Alibhai Patel, Vahidabanu Faruk Patel, Rashida Gulam Patel, Aayesha Farukbhai Patel, and Affan Faruk Patel.

Share Capital Structure

Post-allotment, the company's equity share capital remains unchanged at ₹ 98,67,05,365 consisting of 19,73,41,073 equity shares with a face value of ₹ 5 each. However, the total diluted share capital, assuming full conversion of warrants, stands at ₹ 1,03,72,05,365 consisting of 20,74,41,073 equity shares.

The disclosure was signed by Moh. Sohil Yusufbhai Dabhoya, Director of Quyosh Energia Private Limited, and submitted to both BSE Limited and National Stock Exchange of India Limited where KPI Green Energy's shares are listed.