A fresh expansion move has come from the renewable energy space.
KPI Green Energy Limited has announced the creation of a new company under its group to support its clean energy business.
Major Update On Subsidiary Incorporation
The company informed BSE and NSE on October 05, 2026 that its wholly owned subsidiary named KPGC Three Private Limited has been incorporated on October 05, 2026.
The disclosure was made under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular dated January 30, 2026.
According to the filing, the new entity is registered with the Registrar of Companies, Ahmedabad and is yet to commence its business operations.
Key Details Of KPGC Three Private Limited
The main details related to the new subsidiary are given below.
| Particulars | Details |
|---|---|
| Name of New Subsidiary | KPGC Three Private Limited (KPGCT) |
| Date of Incorporation | October 05, 2026 |
| Shareholding | 100% held by KPI Green Energy Limited |
| Authorized Capital | ₹1,00,000 (10,000 Equity Shares of ₹10 each) |
| Subscribed Capital | ₹1,00,000 (10,000 Equity Shares of ₹10 each) |
| Cost of Acquisition | ₹1,00,000 (Cash Consideration) |
| Turnover | Nil – Yet to commence business operations |
Business Objective And Industry
KPGC Three Private Limited belongs to the Renewable Energy industry.
The object of the new company is generating, storing, transmitting, distributing, purchasing, selling and supplying electricity and other forms of energy from conventional and renewable sources including solar, wind, hydro, biomass and thermal energy.
It will also establish, own, develop, operate and maintain power plants and energy storage systems and undertake activities incidental thereto.
The company confirmed that no governmental or regulatory approvals are required for the acquisition and it is not a related party transaction.
Why This Move Matters
KPI Green Energy has been actively creating special purpose subsidiaries for future renewable projects, which helps in better project execution and financing.
By incorporating KPGC Three Private Limited as a wholly owned subsidiary, the company is keeping its project pipeline ready for upcoming solar and hybrid power opportunities.
Since the turnover is nil at present, the financial impact is limited to the initial capital of ₹1,00,000, but the structure will support long term growth in the renewable portfolio.
Conclusion
KPI Green Energy Limited on October 05, 2026 incorporated a new wholly owned subsidiary, KPGC Three Private Limited.
The subsidiary is registered in Ahmedabad with 100% shareholding held by KPI Green Energy and an initial capital of ₹1,00,000.
Its focus will be on renewable power generation and energy storage projects, which aligns directly with the parent company's core business.
Investors will watch how this new entity is utilized for upcoming projects in the next few quarters.