Orient Green Power promoter entities merged into SVL Limited

Orient Green Power Company Limited has informed stock exchanges that two promoter entities, Nivedana Power Private Limited (NPPL) and Syandana Energy Private Limited (SEPL), will be merged into SVL Limited following approval from the National Company Law Tribunal (NCLT). The consolidation forms part of an internal restructuring within the promoter group and does not alter the overall promoter shareholding in the company.

The National Company Law Tribunal (NCLT), Division Bench II, Chennai approved the scheme on March 10, 2026. Orient Green Power Company Limited notified the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on March 13, 2026. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Under the approved scheme, Nivedana Power Private Limited (NPPL) and Syandana Energy Private Limited (SEPL), both classified as promoter entities, will cease to exist as independent companies. Their shareholdings in Orient Green Power Company Limited will be transferred to SVL Limited, which acts as the transferee company.

Following the merger, the shareholding currently held by NPPL and SEPL will be consolidated under SVL Limited.

Orient Green Power Company Limited stated that the restructuring will not change the overall promoter holding in the company. The promoter group will continue to hold 24.38% of the company’s equity after completion of the scheme.

The company clarified that the transaction represents an inter-se transfer within the promoter group and does not involve any dilution or increase in the promoter stake.

Orient Green Power Company Limited also stated that it is not a direct party to the merger scheme. The restructuring relates solely to a reorganisation among promoter entities holding shares in the company. 

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