Orient Green Power Releases Pledge on Subsidiary Investments...
01 Apr 2026
Orient Green Power Company Limited has made a strategic investment of ₹23.33 lakh in its subsidiary Delta Renewable Energy Private Limited through a preferential allotment of equity shares. The transaction, completed on April 01, 2026, demonstrates the company's continued commitment to expanding its renewable energy portfolio through its subsidiary operations.
Investment Details
The investment involved the acquisition of 2,33,333 equity shares at a face value of ₹10.00 each from Delta Renewable Energy's fourth tranche of preferential issue. Orient Green Power subscribed to these shares out of the total 3,33,333 equity shares offered in this tranche.
Parameter: Details Shares Acquired: 2,33,333 equity shares Face Value per Share: ₹10.00 Total Investment: ₹23.33 lakh Issue Participation: 70% of tranche size Shareholding Post-Allotment: 70% (unchanged)
About Delta Renewable Energy
Delta Renewable Energy Private Limited was incorporated on November 29, 2023, as a subsidiary focused on renewable energy development. The company's post-issue paid-up equity share capital stands at ₹12.94 crore, reflecting its growing capital base for project development.
The subsidiary has achieved significant operational milestones in the solar power sector:
Operational Project: Successfully commissioned a 7 MW AC / 9.8 MW DC solar power project at Krishnapuram and Veeraganallur Villages in Thiruvallur District, Tamil Nadu
Under Development: Entered into an EPC Contract on December 05, 2025, to develop a 17.6 MW AC (24.64 MW DC) solar power project in Thiruvannamalai District, Tamil Nadu
Transaction Structure and Compliance
The investment represents a related party transaction conducted on an arm's length basis, as Orient Green Power maintains its controlling 70% stake in Delta Renewable Energy. The transaction falls under the regulatory framework of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Compliance Aspect: Status Transaction Type: Related party transaction Basis: Arm's length Regulatory Approval: Not applicable Payment Method: Cash Industry Focus: Renewable Energy
Strategic Objectives
The preferential allotment aligns with Orient Green Power's strategy to develop renewable energy capacity through its subsidiary structure. The funds raised through this multi-tranche approach will support Delta's ongoing solar power project development activities. The company's maintained 70% shareholding ensures continued control over the subsidiary's strategic direction while allowing for additional capital infusion from other participants in the preferential issue.
This investment reinforces Orient Green Power's position in the renewable energy sector, particularly in solar power generation across Tamil Nadu, as the company continues to expand its operational capacity through its subsidiary network.
Orient Green Power Company Limited has completed a significant investment in its renewable energy subsidiary, allotting 61,44,490 equity shares worth ₹6.14 crore in Delta Renewable Energy Private Limited on March 23, 2026. The transaction represents the third tranche of Delta's preferential issue and demonstrates the parent company's continued commitment to expanding its renewable energy portfolio.
Investment Details and Structure
The share allotment was executed at face value of ₹10 per equity share, with Orient Green Power subscribing to 61,44,490 shares out of the total 87,77,843 equity shares offered in this tranche. The investment structure maintains Orient Green Power's strategic control over its subsidiary.
Parameter: Details Investment Amount: ₹6,14,44,900 Shares Allotted: 61,44,490 equity shares Face Value per Share: ₹10 Issue Size: 87,77,843 equity shares Orient Green Power's Share: 70% of issue size Shareholding Impact: Remains unchanged at 70%
Subsidiary Operations and Projects
Delta Renewable Energy Private Limited, incorporated on November 29, 2023, operates exclusively in the renewable energy sector. The subsidiary has achieved significant operational milestones since commencing business operations on December 05, 2025. The company has successfully commissioned a 7 MW AC / 9.8 MW DC solar power project located at Krishnapuram and Veeraganallur Villages in Thiruvallur District, Tamil Nadu.
Development Pipeline
Delta Renewable Energy has secured additional growth opportunities through an EPC (Engineering, Procurement, and Construction) contract for developing a 17.6 MW AC (24.64 MW DC) solar power project in Thiruvannamalai District, Tamil Nadu. This project, contracted on December 05, 2025, is currently under progress and represents the company's expansion strategy in the Tamil Nadu solar energy market.
Financial Structure Post-Allotment
Following the current allotment, Delta Renewable Energy's post-issue paid-up equity share capital stands at ₹12,60,93,330. The transaction is structured as a related party transaction under SEBI LODR Regulations, conducted on an arm's length basis. The investment will be made in multiple tranches as per the terms of the offer, with cash consideration for all allotments.
Strategic Rationale
Orient Green Power promoted Delta Renewable Energy specifically to develop renewable energy capacity as part of its broader business strategy. The preferential allotment allows the subsidiary to access necessary capital for solar power project development while maintaining Orient Green Power's controlling stake. The transaction requires no governmental or regulatory approvals beyond standard compliance requirements, facilitating smooth execution of the investment strategy.
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