BSECompany Update24 Aug 2026 · 24 Aug 2026, 12:15 pm
KP Green Engineering Limited submitted to the Exchange a Press Release - KP Group and Raz Holding Group Sign Non-Binding Letter of Intent for a Proposed Strategic Investment and/or Collaboration.
KP Green Engineering Ltd · 544150
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KP Green Engineering Ltd has signed a non-binding letter of intent with Raz Holding Group for a proposed strategic investment and/or collaboration. The LOI contemplates a potential acquisition, capital infusion, or collaboration between the two parties. The proposed investment is subject to due diligence, negotiation, and execution of definitive agreements, as well as regulatory approvals.
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KP Green Engineering Ltd - 544150 - Press Release - KP Group And Raz Holding Group Sign Non-Binding Letter Of Intent For A Proposed Strategic Investment And/Or Collaboration.
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KPGE/MAT/AUG/2026/138 Date: August 24, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
Scrip Code: 544150
Sub.: KP Group and Raz Holding Group Sign Non-Binding Letter of Intent for a Proposed
Strategic Investment and/or Collaboration.
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we are enclosing herewith a Press Release titled “KP Group and Raz Holding
Group Sign Non-Binding Letter of Intent for a Proposed Strategic Investment and/or
Collaboration”.
This is for your information and records.
Thanking you,
Yours faithfully,
For KP Green Engineering Limited
Muinulhaque Iqbalhusen Kadva
Whole Time Director
DIN: 07661317
For immediate release
KP Group and Raz Holding Group Sign Non-Binding Letter of Intent for a Proposed
Strategic Investment and/or Collaboration.
In a significant development, KP Group, a leader in renewable energy, has signed a Non-Binding
Letter of Intent (“LOI”) with Raz Holding Group, one of the Kingdom of Saudi Arabia’s leading
diversified conglomerates. The LOI records Raz Holding Group's intention to make a strategic
investment in, and/or collaboration with, KP Group and/or one or more of its operating entities.
The LOI contemplates that the proposed strategic investment and/or collaboration may be
effected by way of acquisition(s), capital infusion or collaboration with the final structure,
instrument, and valuation to be mutually agreed between the parties following completion of due
diligence.
The proposed strategic investment and/or collaboration is subject to the satisfactory completion
of financial, legal, tax, technical & ESG due diligence, negotiation and execution of definitive &
legally binding agreements, necessary corporate, board & shareholder approvals of both parties
and all applicable regulatory and other customary approvals including as relevant under
FEMA/RBI, SEBI and competition-law requirements.
The LOI is non-binding in its entirety and does not create any obligation on either party to proceed
with or complete the proposed strategic investment and/or collaboration. Any binding
commitment will arise solely upon the execution of definitive agreements. The parties intend to
work towards definitive agreements within an exclusivity period of ninety (90) days from the date
of the LOI, which remains valid until November 18, 2026, unless extended by mutual written
agreement.
For KP Group, this LOI reflects growing international investor interest in India's clean-energy
sector and in the Group’s portfolio across Solar and Wind IPP, EPC, transmission and
manufacturing, together with its emerging positions in battery energy storage systems, cell
manufacturing, O&M services and green hydrogen.
Dr. Faruk G. Patel, Founding Promoter, KP Group, said, “The interest shown by Raz Holding
Group is a strong endorsement of the quality of the assets we have built over three decades and
of the long-term opportunity in India’s energy transition. International capital is looking closely at
Indian clean-energy platforms today, and we are pleased that a group of Raz Holding Group’s
standing sees KP Group as a partner of choice. We see this as part of a broader shift in how global
capital views Indian renewables, and we look forward to taking the conversation forward.”
About Raz Holding Group:
Established in 2008, Raz Holding Group has grown into one of Saudi Arabia’s leading diversified
conglomerates, with interests spanning investments, real estate and hospitality, finance and
fintech, consulting, artificial intelligence, healthcare, education, defence, media and
communications, creative industries and culture, film production, event management, and other
strategic sectors.
About KP Group:
Established in 1994, by Dr. Faruk G. Patel, KP Group has grown into a multi-faceted conglomerate
with core expertise in renewable energy, infrastructure, and innovation. Over the past three
decades, the group has championed sustainability by spearheading transformative projects in
wind, solar, hybrid energy, Battery Energy Storage System (BESS) and green hydrogen, thereby
contributing to India’s green energy mission. With a strong portfolio of renewable energy projects,
KP Group has earned a reputation as a trusted partner for companies committed to reducing their
carbon footprint. The group remains steadfast in its mission to contribute meaningfully to India's
energy transition while setting new benchmarks in the renewable energy sector.
KP Green Engineering Limited
Email: compliance@kpgroup.co
Phone: +91 261 2244757
Website: www.kpgreenengineering.com