Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Release of pledge of Shares.
GREENPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Green Power Company Limited has announced that SVL Limited, one of its promoters, has issued a No Objection Letter dated April 01, 2026, approving the release of investments pledged in its favour. The pledged investments being released include 100% equity in Bharath Wind Farm Limited, 23% equity and 49% preference shares in Beta Wind Farm Private Limited, 100% equity in Orient Green Power Europe BV, 72.5% equity in Gamma Green Power Private Limited, and 72.35% equity in Clarion Wind Farm Private Limited. These pledges were originally created against loans extended by SVL Limited to the company and its subsidiaries. The release of pledge removes the encumbrance on these subsidiary shares, freeing them from the earlier charge.
The release of pledge removes financial encumbrances on key subsidiary holdings, which could improve the company's flexibility in managing its subsidiaries and may be viewed positively by investors as it indicates a reduction in promoter-related debt obligations.