Orient Green Power subsidiary receives equity allotment in preferential issue

Orient Green Power Company Limited (OGPCL) announced today, November 8, 2025, that its subsidiary, Delta Renewable Energy Private Limited (DELTA), has been allotted 513,333 equity shares. These shares, part of a 733,333 equity share offering, were issued at a face value of INR 10 each, marking the second tranche of a preferential issue. Following this allotment, OGPCL's equity holding in DELTA remains unchanged at 70%.

DELTA, incorporated on November 29, 2023, is a wholly-owned subsidiary of OGPCL focused on renewable energy. The company's post-issue paid-up equity share capital stands at INR 3,83,14,900. The transaction is at arm's length. DELTA is currently developing a 7MW AC solar power project, expected to be commissioned by December 2025. The total cost of acquisition for these shares is INR 5,133,330.

The allotment ensures OGPCL's continued 70% stake in DELTA. DELTA has not yet commenced business operations, so a history of turnover for the last three years is not applicable.