KPI Green Energy Limited has announced that its material subsidiary, Sun Drops Energia Limited (SDEL), has completed the acquisition of 1,07,47,760 equity shares of DEK and Mavericks Green Energy Limited (DMGEL), representing 62.91% of the company’s paid-up equity share capital.
The acquisition was completed on September 26, 2026, according to an exchange filing by KPI Green Energy.
Following the acquisition, DMGEL has become a subsidiary of Sun Drops Energia Limited and, consequently, a step-down subsidiary of KPI Green Energy Limited, in accordance with the applicable provisions of the Companies Act, 2013.
KPI Green Energy had earlier informed the stock exchanges on August 21, 2026, about SDEL’s proposed acquisition of up to 100% of the equity share capital of DMGEL. The latest filing confirms the completion of the acquisition of the 62.91% stake.
The company said that the disclosure required under the SEBI Listing Regulations, in line with the SEBI Master Circular dated January 30, 2026, had already been submitted as an annexure to its August 21, 2026 intimation.
The information regarding the completion of the acquisition was received by KPI Green Energy from SDEL at 10:30 a.m. on September 26, 2026.
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