KPI Green Energy Limited has incorporated two wholly owned step-down subsidiaries, KPGC Four Private Limited and KPGC Five Private Limited, through its subsidiary Sun Drops Energia Limited (SDEL), the company said in a press released with the BSE.
In a regulatory filing dated October 26, the company said both entities were incorporated on the same day and have become step-down subsidiaries of KPI Green Energy.
KPGC Four and KPGC Five have each been incorporated with an authorised and subscribed capital of Rs 1 lakh, divided into 10,000 equity shares of Rs 10 each. SDEL holds 100% of the shareholding in both companies.
The two entities will operate in the renewable energy sector. Their stated business objectives include generating, storing, transmitting, distributing, purchasing and selling electricity from conventional and renewable sources, including solar, wind, hydro, biomass and thermal energy.
They will also undertake activities related to establishing, owning, developing, operating and maintaining power plants and energy storage systems.
Both companies are yet to commence business operations and have reported nil turnover. They were registered with the Registrar of Companies, Ahmedabad, on October 26, 2026.
The incorporation is part of KPI Green Energy’s corporate structure expansion in the energy sector.
