KPI Green Energy Subsidiary to Acquire DMGEL for ₹55.80 Cr

KPI Green Energy Ltd's subsidiary, Sun Drops Energia Limited, will acquire up to 100% equity shares of DEK and Mavericks Green Energy Limited (DMGEL) for ₹55.80 Crores. The consideration will be paid through the issuance of Compulsorily Convertible Preference Shares (CCPS). This acquisition aims to expand Sun Drops' renewable energy business by leveraging DMGEL's expertise. The transaction is considered a Related Party Transaction as a promoter of Sun Drops holds a stake in DMGEL, but it will be conducted at arm's length based on a valuation report. DMGEL is involved in EPC and project development solutions in the renewable energy sector. The acquisition is expected to be completed by September 30, 2026, subject to shareholder approval.