KPI Green Energy Limited has informed the Exchange regarding 'Corrigendum to the notice of Extraordinary General Meeting of the company scheduled to be held on Friday, January 16, 2026. Corrigendum to the Notice of EGM is attached herewith. '.
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KPI Green Energy has issued a corrigendum (amendment) to the notice of its Extra Ordinary General Meeting (EGM) to be held on January 16, 2026. The original EGM notice was circulated on December 24, 2025, and sought shareholder approval for a proposed preferential issue of equity shares. After NSE gave an observation letter on December 30, 2025, the company was asked to clarify and add details, which it is now doing through this corrigendum. The corrigendum updates the shareholding pattern, specifies the proposed allottee as Quyosh Energia Private Limited (with Dr. Faruk G. Patel as the ultimate beneficial owner), and clarifies that 1,01,00,000 (10.1 million) warrants will be issued to them. The allottee's holding will rise from 0.81% to 5.64% post-issue. Promoter group shareholding will increase from 49.49% to 51.95%, and total shares will go from 19.73 crore to 20.74 crore on full warrant conversion. The corrigendum also clarifies lock-in rules and confirms that none of the directors, promoters, or the allottee are wilful defaulters, fraudulent borrowers, or fugitive economic offenders. There is no change in control of the company.
For shareholders, this is a procedural update with no change in the underlying proposal of the EGM. The preferential allotment of 1.01 crore warrants to a single corporate body (Quyosh Energia) is now more clearly disclosed, and the price/allotment remains subject to shareholder approval at the January 16 EGM. No immediate impact on stock price is expected, though any preferential issue at a discount could be a point of shareholder discussion.