Board Meeting22 Jul 2026, 06:00 pm
Orient Green Power Board Approves Q1 FY27 Results, Withdraws Merger
AI Summary
Orient Green Power Company Ltd's Board of Directors met on July 22, 2026, approving the standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. The board also approved the withdrawal of the merger proposal for its wholly-owned subsidiary, Orient Green Power Europe B.V. (OGPE), and will proceed with its voluntary liquidation. Additionally, the revised timeline for commissioning of solar and wind repowering projects was set for September 30, 2026. The company also reported a statement of deviation/variation for funds raised via a rights issue of ₹250 Crores.
Key Highlights
- Board approved Q1 FY27 standalone and consolidated un-audited financial results.
- Merger proposal for OGPE withdrawn; voluntary liquidation to proceed.
- Revised commissioning date for solar and wind projects set for Sept 30, 2026.
- Statement of deviation for ₹250 Crores rights issue approved.
- Board meeting held on July 22, 2026, from 2:00 PM to 5:20 PM.
Price Impact
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