KPI Green Energy Completes 62.91% Acquisition Of DMGEL Via Subsidiary
Mumbai: KPI Green Energy Limited 's material subsidiary, Sun Drops Energia Limited (SDEL), completed the acquisition of 1,07,47,760 equity shares of Mavericks Green Energy Limited (DMGEL) on 26 September 2026. This acquisition represents 62.91% of DMGEL's paid-up equity share capital. Subsidiary Status Following this acquisition, DMGEL has become a subsidiary of SDEL and, consequently, a…
Mumbai: KPI Green Energy Limited's subsidiary, Sun Drops Energia Limited (SDEL), finalized the purchase of 1,07,47,760 shares of Mavericks Green Energy Limited (DMGEL) on September 26, 2026. This acquisition accounted for 62.91% of DMGEL's paid-up equity share capital. Post-acquisition, DMGEL has transformed into a subsidiary of SDEL and subsequently a step-down subsidiary of KPI Green Energy Limited, adhering to the Companies Act of 2013.
Prior to this announcement, KPI Green Energy had notified the stock exchanges of its intention to acquire up to 100% equity share capital of DMGEL and another entity, DEK, on August 21, 2026. Following this earlier communication, the recent acquisition solidifies KPI Green Energy's expanded presence in the renewable energy sector.
KPI Green Energy Limited had previously submitted all requisite disclosures under SEBI Listing Regulations, as stipulated in SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026, dated January 30, 2026. KPI Green Energy Limited received notification of the successful acquisition from SDEL this morning at 10:30 a.m. This report is based on company filings and is intended for informational use only. Investors are advised to conduct their own due diligence before making investment decisions.
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