KP Green Engineering Limited has submitted to BSE the Postal Ballot Notice dated February 26, 2026, seeking the approval of the Members of the Company by means of Postal Ballot through ....
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KP Green Engineering has issued a Postal Ballot Notice dated February 26, 2026, seeking shareholder approval through remote e-voting for four Ordinary Resolutions. All four items relate to Material Related Party Transactions (RPTs) with commonly controlled group companies: KPI Green Energy Limited, K.P. Energy Limited, Sun Drops Energia Limited, and KPIG Energia Private Limited. The proposed limit for KPI Green Energy is up to ₹5,000 crores over three financial years (FY 2025-26 to FY 2027-28), which is 719.80% of KPGE's annual consolidated turnover. Previous transactions with KPI Green Energy were ₹313.14 crores till December 31, 2025, against an earlier approved limit of ₹1,000 crore per related party set at the November 2023 EGM. E-voting runs from March 1, 2026 (9:00 AM) to March 30, 2026 (5:00 PM), with results to be declared by April 1, 2026.
This is a governance-sensitive item for minority shareholders — the proposed ₹5,000 crore cap is a 5x increase from the prior ₹1,000 crore limit and equals over 7x the company's annual turnover, meaning the bulk of KPGE's revenue could potentially flow from related parties. While management states transactions will be at arm's length and in the ordinary course of business, investors should review the related party's financial standing (KPI Green Energy had ₹1,592 cr standalone turnover and ₹252 cr PAT in FY25) before voting.