KPI Green Energy Limited has informed the Exchange about Incorporation of New Special Purpose Vehicle (SPV). Disclosure is attached herewith
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KPI Green Energy Limited has incorporated a new Special Purpose Vehicle (SPV) named 'KPIN Clean Power Three LLP' (KCPTL) on July 2, 2025, registered with the Registrar of Companies in Ahmedabad. The SPV will focus on generating, distributing, and supplying power using renewable energy sources like wind and solar. The total initial contribution is Rs. 1,00,000 — Rs. 99,000 from KPI Green Energy and Rs. 1,000 from its wholly-owned subsidiary KPark Sunbeat Private Limited. KCPTL is yet to commence operations and has nil turnover. This SPV is likely a project-specific vehicle set up to execute future renewable energy projects.
This is a routine internal step to create a subsidiary for upcoming renewable energy projects. The financial contribution is negligible, so there is no immediate material impact on shareholders. However, it signals continued expansion plans in the company's core renewable energy business.