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KPI Green Energy informs about outcome of board meeting

13 May 2024 Evaluate
KPI Green Energy has informed that the Board of Directors of the Company at its meeting held today, commenced at 9:16 am and concluded at 9:50 am at the registered office of the Company wherein Board of Directors, has approved: 1. Raising of funds through issuance of equity shares of the Company (‘Equity Shares’) or any other equity linked securities of the Company or other securities convertible into or exchangeable for Equity Shares by way of qualified institutions placement (including one or more qualified institutional placements in tranches) (‘QIP’) in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (lssue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time and other applicable laws, in one or more of the tranches for an aggregate amount up to ? 1,000 Crores at such price or prices as may be permissible under applicable law, subject to necessary approval including the approval of the members of the Company by way of a special resolution, and such other permissions, sanctions and statutory approvals, as may be required; A detailed disclosure in adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the circular dated July 13, 2023 bearing reference no. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 issued by Securities and Exchange Board of India is disclosed in Annexure – A. The company will inform in due course the date on which the Company shall seek approval of the shareholders for the aforesaid issuance and ancillary actions.

The above information is a part of company’s filings submitted to BSE.

KPI Green Energy Share Price

439.55 -8.80 (-1.96%)
20-Apr-2026 16:59 View Price Chart
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