KPI Green Energy Limited announced the allotment of 1,01,00,000 fully convertible equity warrants via a preferential issue to the promoter group entity, Quyosh Energia Private Limited. The exercise price is set at ₹470.30 per warrant. This move solidifies promoter holding, increasing the potential post-allotment shareholding of the allottee to 5.64% upon full conversion. The Board meeting where this was approved concluded on February 18, 2026.
Outcome of Board Meeting: Preferential Allotment Approval
KPI Green Energy Limited has officially communicated the outcome of its Board of Directors meeting held on February 18, 2026. Following prior intimations, the Board approved the allotment of securities on a preferential basis to an entity within the promoter group category.
Details of Warrants Allotment
The Board approved the allotment of 1,01,00,000 (One Crore One Lakh) fully convertible equity warrants. These warrants grant the holder the right to subscribe to one equity share (face value of ₹5/-) upon exercise.
- Exercise Price: ₹470.30 per warrant, which includes a premium of ₹465.30.
- Total Issue Value: The aggregate consideration for the allotment is up to ₹4,75,00,30,000/-.
- Allottee Name: Quyosh Energia Private Limited, an entity belonging to the promoter group.
Conversion and Payment Terms
Each Warrant is convertible into one fully paid-up Equity Share of face value ₹5/-. The payment structure is clearly defined:
- Amount Paid at Allotment: 25% of the Warrant Price (equivalent to ₹465.30 per Warrant).
- Balance Payable: The remaining 75% of the Warrant Price is payable upon the exercise of the option attached to the relevant Warrant.
Shareholding Impact Post-Conversion
The document details the pre-issue and projected post-issue shareholding percentages for the allottee:
| Investor | Particulars | Pre-issue Shareholding (%) | Post-issue Shareholding* (%) |
|---|---|---|---|
| Quyosh Energia Private Limited | Warrants | 0.81 % | 5.64 % |
*The post-issue shareholding calculation assumes the full conversion of the Warrants issued pursuant to this Preferential Issue.
Tenor of the Instrument
The tenor for the exercise of the Warrants is set at 18 months from the date of allotment, allowing conversion in one or more tranches.
The Board meeting commenced at 11:35 A.M. and concluded at 12:10 P.M. on the date of the announcement.
Source: BSE
