Subsidiary26 Oct 2026, 07:00 pm
KPI Green Energy Incorporates Two Step-Down Subsidiaries
AI Summary
KPI Green Energy Limited announced the incorporation of two wholly owned step-down subsidiaries, KPGC Four Private Limited and KPGC Five Private Limited, by its subsidiary Sun Drops Energia Limited. Both new entities were incorporated on October 26, 2026, with an authorized and subscribed capital of ₹1,00,000 each. These subsidiaries are established with the objective of generating, storing, transmitting, distributing, and supplying electricity from conventional and renewable sources. They are yet to commence business operations, hence their current turnover is nil. The cost of acquisition for each company was ₹1,00,000, representing 100% shareholding by Sun Drops Energia Limited.
Key Highlights
- KPI Green Energy's subsidiary incorporated two new step-down subsidiaries.
- KPGC Four and KPGC Five established with ₹1 Lakh capital each.
- Subsidiaries focused on renewable energy generation and storage.
- Both entities are yet to commence business operations.
- Acquisition cost was ₹1 Lakh per subsidiary.
Price Impact
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