NSEGeneral Updates6 Jul 2026 · 6 Jul 2026, 07:19 pm
General Updates
Orient Green Power Company Limited · GREENPOWER
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Orient Green Power Company Limited has been allotted 2,19,59,094 equity shares by its subsidiary Delta Renewable Energy Private Limited through a preferential issue, with the company maintaining a 70% equity stake in Delta.
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Growth Catalyst6/10
Governance Concern1/10
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Full Announcement
Intimation under Regulation 30 of the SEBI [Listing Obligations and Disclosure Requirements] Regulations, 2015
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GREENPOWER_06072026191443_SEIntimation06072026.pdf
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July 06, 2026
The BSE Limited The National Stock Exchange of India
Corporate Relations Department, Limited
P.J. Towers, Department of Corporate Services,
Dalal Street, Exchange Plaza, 5th Floor,
Mumbai-400 001. Bandra-Kurla Complex,
Scrip Code: 533263 Mumbai-400 051.
Scrip Code: GREENPOWER
Dear Sirs,
Sub: Intimation under Regulation 30 of the SEBI [Listing Obligations and Disclosure
Requirements] Regulations, 2015.
This is to inform you that today (ie., July 06, 2026) M/s. Orient Green Power Company
Limited (“the Company”) has been allotted 2,19,59,094 Equity shares at face value of Rs.
10 each by M/s. Delta Renewable Energy Private Limited (DELTA) (Subsidiary Company)
in the fifth tranche of its Preferential issue, where 3,13,70,134 Equity shares were offered
to proposed allottees
Subsequent to the allotment, the equity holdings of the Company in DELTA remains
unchanged at 70%.
The relevant details of the Transaction as prescribed under SEBI Listing Regulations read
with SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,
2026 as amended, in Annexure I
Kindly take the same on your record.
For Orient Green Power Company Limited
G Srinivasa Ramanujan
Company Secretary & Compliance Officer
Annexure-I
Disclosure of information under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Master circular HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026.
S.No Particulars Details
1 Name of the target entity, details in brief Delta Renewable Energy Private Limited
such as size, turnover etc.; (Delta) was incorporated on November 29,
2023. The post issue paid-up equity Share
capital of Delta stands at Rs. 44,31,28,000/-
The Company has successfully commissioned
a 7 MW AC solar power project at
Krishnapuram and Veeraganallur Villages,
Thiruvallur District, Tamil Nadu. Further, the
Company has entered into an EPC Contract to
develop a 17.6 MW AC solar power project at
Thiruvannamalai District, Tamil Nadu on
December 05, 2025 and the same is under
progress.
2 Whether the acquisition would fall The transaction falls under related party
within related party transaction(s) and transaction as per SEBI LODR Regulations and
whether the promoter/ promoter group/ the Listed entity at present holds 70% equity
group companies have any interest in the share capital in the above subsidiary. The
entity being acquired? transaction is at arm’s length basis.
3 Industry to which the entity being Renewable Energy.
acquired belongs
4 Objects and impact of acquisition The company promoted Delta to develop
renewable energy capacity. Accordingly, the
company subscribed to the shares of Delta
through a preferential allotment along with
other participants to the issue. The object of
this issue being developing solar power
project. Consequent to the allotment, the
holding of the company in Delta remains
unchanged at 70%.
5 Brief details of any Governmental or Not Applicable
regulatory approvals required for the
acquisition;
6 Indicative time period for completion of This tranche being the final one to the
the acquisition preferential issue of Delta, the investment into
Delta stands completed.
7 Consideration Cash
8 Cost of acquisition and/or the price at Rs. 21,95,90,940 (Rupees Twenty-One Crores
which the shares are acquired Ninety-Five Lakhs Ninety Thousand Nine
Hundred and Forty Rupees only)
9 Percentage of shareholding / control The company subscribed to 2,19,59,094 equity
acquired and / or number of shares shares in the current tranche of preferential
acquired issue, which is 70% of the issue size.
Accordingly, the pre and post issue
shareholding of the company in Delta remain
unchanged at 70%.
10 Brief background about the entity Delta Renewable Energy Private Limited was
acquired in terms of products/line of incorporated on November 29, 2023 as a
business acquired, date of incorporation, wholly owned subsidiary of the company in
history of last 3 years turnover, country India. History of turnover of last 3 years is not
in which the acquired entity has presence applicable, since the company has just
and any other significant information (in commenced its business operation on
brief) December 05, 2025 by successfully
commissioning a 7 MW AC solar power
project at Krishnapuram and Veeraganallur
Villages, Thiruvallur District, Tamil Nadu.
Further, the Company has entered into an EPC
Contract to develop a 17.6 MW AC solar
power project at Thiruvannamalai District,
Tamil Nadu and the same is under progress.