KPI Green Energy Limited announced that its material subsidiary, Sun Drops Energia Limited (SDEL), has successfully acquired an additional 43,49,560 equity shares in Mavericks Green Energy Limited (DMGEL). This latest acquisition brings SDEL’s total shareholding in DMGEL to 1,50,97,320 equity shares, representing 88.37% of the paid-up equity share capital as of October 17, 2026.
Subsidiary Boosts Stake in Mavericks Green Energy
KPI Green Energy Limited has disclosed that its material subsidiary, Sun Drops Energia Limited (SDEL), has finalized the acquisition of a further 43,49,560 equity shares in Mavericks Green Energy Limited (DMGEL). This strategic move by SDEL signifies an increased ownership and control over DMGEL.
Increased Shareholding in DMGEL
Following this recent acquisition, SDEL’s total holding in DMGEL now amounts to 1,50,97,320 equity shares. This substantial shareholding represents 88.37% of DMGEL’s total paid-up equity share capital. The effective date for this updated shareholding is October 17, 2026. This development is a continuation of previous communications regarding the proposed acquisition, reinforcing the company’s growth strategy.
Information Source
The information regarding this acquisition was received by KPI Green Energy Limited from SDEL on October 17, 2026, at 10:30 a.m., and is provided for the information and records of the stakeholders.
Source: BSE
