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KPI Green Energy Issues Corrigendum for EGM Notice, Clarifies Preferential Issue Details
KPI Green Energy Limited
January 8, 2026, 01:01 PM
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KPI Green Energy Limited has issued a corrigendum to the notice of its Extra Ordinary General Meeting (EGM), originally scheduled for Friday, January 16, 2026. The corrigendum, dated January 8, 2026, clarifies details related to the proposed preferential issue of equity shares for which shareholder approval is being sought.
Key amendments include updates to the explanatory statement concerning the shareholding pattern before and after the preferential issue. The document details the number of shares and percentage of holding for promoters and non-promoters, both pre- and post-issue. It specifies that the proposed allotment involves 1,01,00,000 warrants, which will convert into equity shares, leading to a post-issue shareholding of 51.95% for promoters and 48.05% for non-promoters.
Furthermore, the corrigendum identifies Quyosh Energia Private Limited as the proposed allottee, with Dr. Faruk G. Patel as the ultimate beneficial owner. The statement clarifies there is no change in control of the company as a result of this preferential issue. It also details the lock-in period for the pre-preferential shareholding of the allottee, which will be 90 trading days from the date of warrant allotment, as per SEBI ICDR Regulations. Disclosures regarding wilful defaulters and fraudulent borrowers have also been updated and clarified for both the company and the proposed allottee.
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