OUR MANAGEMENT 

In terms of the Companies Act, 2013 and our Articles of Association, our Company is
authorised to have a minimum of three Directors and a maximum of 15 Directors. As on the
date of this Red Herring Prospectus, we have eight Directors on our Board, comprising two
Whole time Directors, two Non-Executive Directors, and four Non-Executive Independent
Directors of which one is a woman Non-Executive Independent Director. 


Board of Directors 


The following table sets forth details regarding our Board of Directors as on the date
of this Red Herring Prospectus: 


  

    
Name, designation, term, period of directorship, address,
    occupation, date of birth and DIN
    
Age (in years)
    
Directorships in other companies
  
  

    
Arvind Tiku
    
56
    
Indian Companies
  
  

    
Designation: Chairperson and Non-Executive Director
    

    
- Experion Developers Private Limited
  
  

    
Term: Liable to retire by rotation
    

    
Foreign Companies
  
  

    
Period of directorship: Director since December 13, 2018
    

    
- AT Capital Pte. Ltd.
  
  

    

    

    
- AT Capital Foundation Limited
  
  

    
Address: House 7, Anthony Road, #19-27 Orchard Scotts,
    

    

  
  

    
Singapore 229 955
    

    

  
  

    
Occupation: Business
    

    

  
  

    
Date of birth: February 22, 1970
    

    

  
  

    
DIN: 00649116
    

    

  
  

    
Hemant Tikoo
    
49
    
Indian Companies
  
  

    
Designation: Non-Executive Director
    

    
- Drishya Entertainment Private Limited
  
  

    

    

    
- Experion Capital Private Limited
  
  

    
Term: Liable to retire by rotation
    

    
- Experion Developers Private Limited
  
  

    

    

    
- Land Mark Dwellers Private Limited
  
  

    
Period of directorship: Director since December 5, 2011
    

    
- Landmark Infracon Private Limited
  
  

    
Address: House 7, Anthony Road, #20-33 Orchard Scotts,
    

    
Foreign Companies
  
  

    
Singapore 229 955
    

    

  
  

    

    

    
-
  
  

    

    

    
AT Capital Pte. Ltd.
  
  

    
Occupation: Business
    

    
-
  
  

    

    

    
Auctus Investments Management Pte. Ltd.
  
  

    

    

    
- Japonica Holdings Pte. Ltd.
  
  

    
Date of birth: November 12, 1976
    

    

  
  

    

    

    
- Lumina Equity Holdings Pte. Ltd.
  
  

    

    

    
- Sai Trust Management Pte. Ltd.
  
  

    
DIN: 01880241
    

    

  
  

    
Ankush Malik
    
41
    
Indian Companies
  
  

    
Designation: Whole-time Director and Chief Executive
    

    
- Juniper Green Bess Zeta Private Limited
  
  

    
Officer
    

    
- Juniper Green Beta Six Private Limited
  
  

    

    

    
- Juniper Green ETA Five Private Limited
  
  

    
Term: For a period of five years with effect from April 30,
    2024 and liable to retire by rotation
    

    
- Juniper Green Gamma One Private Limited
  
  

    

    

    
- Juniper Green India Eight Private Limited
  
  

    
Period of directorship: Director since April 30, 2024
    

    

  
  

    

    

    
- Juniper Green Power Five Private
  
  

    

    

    
Limited
  
  

    
Address: 1/38, Sadar Bazar, Delhi Cantt, New Delhi 110 010,
    Delhi, India
    

    
- Juniper Green Stellar Private Limited -
  
  

    

    

    
Juniper Green Sigma Six Private Limited
  
  

    
Occupation: Service
    

    
- Nisagra Renewable Energy Private Limited
  
  

    
Date of birth: August 5, 1984
    

    
Foreign Companies
  
  

    
Name, designation, term, period of directorship, address,
    occupation, date of birth and DIN
    
Age (in years)
    
Directorships in other companies
  
  

    
DIN: 07978604
    

    
Nil
  
  

    
Parag Agrawal
    
44
    
Indian Companies
  
  

    
Designation: Whole-time Director and Chief Financial
    

    
- Juniper Green Beam Private Limited
  
  

    
Officer
    

    
- Juniper Green Bess Zeta Private
  
  

    

    

    
Limited
  
  

    
Term: For a period of five years with effect from July 4, 2026
    and liable to retire by rotation
    

    
- Juniper Green Beta Private Limited
  
  

    

    

    
- Juniper Green Cosmic Private Limited
  
  

    

    

    
- Juniper Green Field Private Limited
  
  

    
Period of directorship: Director since July 4, 2026
    

    

  
  

    

    

    
- Juniper Green Kite Private Limited
  
  

    

    

    
-
  
  

    

    

    
Juniper Green Stellar Private Limited
  
  

    
Address: Flat no. F-701, Palm Drive, Sector 66, Golf Course
    

    
- Juniper Green Three Private Limited
  
  

    
Extension Road, Nirvana Country, Gurgaon South City II,
    

    

  
  

    
Gurugram 122 018, Haryana, India
    

    
- Nisagra Renewable Energy Private Limited
  
  

    
Occupation: Service
    

    

  
  

    

    

    
Foreign Companies
  
  

    
Date of birth: September 27, 1981 DIN: 02463717
    

    
Nil
  
  

    
Balaji Viswanathan Swaminathan
    
61
    
Indian Companies
  
  

    
Designation: Non-Executive Independent Director
    

    
- Allied Blenders and Distillers Limited
  
  

    

    

    
- Haldia Petrochemicals Limited
  
  

    
Term: For a period of five years with effect from June 23, 2025
    

    
- Vibgyor Realty & Investments Private
  
  

    

    

    
Limited
  
  

    
Period of directorship: Director since June 23, 2025
    

    

  
  

    

    

    
Foreign Companies
  
  

    
Address: 87, Sunset Way, Clementi Park, Singapore 597 108
    

    

  
  

    

    

    
- AT Capital Pte. Ltd.
  
  

    
Occupation: Service
    

    
- BHAV Acquisition Corp Cayman
  
  

    

    

    
Islands
  
  

    
Date of birth: March 19, 1965
    

    

  
  

    

    

    
- Realpha Tech Corp.
  
  

    

    

    
-
  
  

    

    

    
SAIML Capital Pte Ltd.
  
  

    
DIN: 01794148
    

    

  
  

    

    

    
- Turbo Tech Pte Ltd.
  
  

    
Kottamasu Venkateswara Rao
    
65
    
Indian Companies
  
  

    
Designation: Non-Executive Independent Director
    

    
Nil
  
  

    
Term: For a period of five years with effect from June 23, 2025
    

    
Foreign Companies
  
  

    
Period of directorship: Director since June 23, 2025
    

    
- India International Insurance Pte. Ltd.
  
  

    

    

    
- KV Advisory Pte. Ltd.
  
  

    
Address: 45 Mandalay Road, Mandale Heights #17-01,
    

    
- Life Insurance Corporation (Singapore)
  
  

    
Singapore 308 225
    

    
Pte. Ltd.
  
  

    

    

    
- Mas Amity Pte. Ltd.
  
  

    
Occupation: Service
    

    
- SIFAS Productions Limited
  
  

    

    

    
- Tata International Singapore Pte. Ltd.
  
  

    
Date of birth: January 31, 1961
    

    
-
  
  

    

    

    
Tata Precision Industires Pte. Ltd.
  
  

    

    

    
-
  
  

    

    

    
TML Holdings Pte. Ltd.
  
  

    
DIN: 11122529
    

    

  
  

    

    

    
- Universal MEP Contracting LLC
  
  

    

    

    
- Universal MEP Projects Pte. Ltd.
  
  

    
Maithreyi Swaminathan
    
51
    
Indian Companies
  
  

    
Designation: Non-Executive Independent Director
    

    
Nil
  
  

    
Term: For a period of five years with effect from June 23, 2025
    

    
Foreign Companies
  
  

    
Period of directorship: Director since June 23, 2025
    

    
Nil
  
  

    
Name, designation, term, period of directorship, address,
    
Age (in
    
Directorships in other companies
  
  

    
occupation, date of birth and DIN
    
years)
    

  
  

    
Address: C144, Oakwood Estate, DLF Phase 2, Gurugram 122
    

    

  
  

    
002, Haryana, India
    

    

  
  

    
Occupation: Professional
    

    

  
  

    
Date of birth: August 28, 1974
    

    

  
  

    
DIN: 06876944
    

    

  
  

    
Prashant Parashar
    
47
    
Indian Companies
  
  

    
Designation: Non-Executive Independent Director
    

    
- Profound Club Private Limited
  
  

    
Term: For a period of five years with effect from June 23, 2025
    

    
Foreign Companies
  
  

    
Period of directorship: Director since June 23, 2025
    

    
Nil
  
  

    
Address: G-304, Adarsh Lakefront, Bellandur, Near RMZ
    

    

  
  

    
Ecoworld, Kaikondrahalli, Bengaluru 560 103, Karnataka,
    

    

  
  

    
India
    

    

  
  

    
Occupation: Service
    

    

  
  

    
Date of birth: June 1, 1979
    

    

  
  

    
DIN: 03644591
    

    

  



Brief profiles of our Directors 

Arvind Tiku is one of our Individual Promoters and the Chairperson and
Non-Executive Director in our 

Company. He has been on our Board since December 13, 2018. He holds an integrated
bachelor's and master's of science degree in engineering from Kazakh Polytechnic Institute
of the Kazakh National Technical University. He is the founder of AT Capital Group,
Singapore and has been a director of AT Capital Pte Ltd, since May 3, 2012. AT Capital
Group is involved in renewable energy, real estate, private credit and public markets.
Prior to founding the AT Capital Group, he was the General Director/Chief Executive
Officer of Agro Invest, a subsidiary of Grain Procurement Agency Pte. Ltd. He has over 21
years of experience in the investment sector. 


Hemant Tikoo is one of our Individual Promoters and a Non-Executive Director on our
Board. He has been on our Board since December 5, 2011. He holds a master's degree in
computer management from Symbiosis Institute of Computer Studies and Research, University
of Pune, India, master's degree in business administration from Waseda University, Japan
and master's degree in business administration from Nanyang Technological University,
Singapore. He has been a director of AT Capital Pte. Ltd., since December 15, 2023, and is
a core member of the investment committee of AT Capital Pte. Ltd. making investment
decisions across asset classes, generating and evaluating investment ideas in the start-up
space by actively engaging with local and international funds/start-ups and advising on
investments in real estate and renewable energy verticals. Previously, he was associated
with Auctus Investments Management Pte Ltd as a Senior Investment Manager. He has over 18
years of experience across varied fields such as information technology, engineering, real
estate, wealth and investment management. 


Ankush Malik is a Whole-time Director on the Board of our Company since April 30,
2024. He has been associated with our Company since November 12, 2018. He holds a
bachelor's degree of technology in civil engineering from Indian Institute of Technology,
Delhi, India and a post graduate diploma in management from the Indian Institute of
Management, Lucknow, Uttar Pradesh, India. He is responsible for developing and
implementing the long-term growth strategies of our Company and overseeing all aspects of
our Company's operations, business development, project development, construction and
regulatory aspects of the business. Prior to joining our Company, he was associated with
Orange Renewable Power Private Limited, Lanco Infratech Private Limited and ICICI Bank
Limited. He has over 16 years of experience in the power sector. 


Parag Agrawal is a Whole-time Director on the Board of our Company since July 4,
2026. He has been associated with our Company since December 1, 2018. He is a certified
chartered accountant with the Institute of Chartered Accountants of India. He has passed
the examination for bachelor's in commerce from Dr. Bhim Rao University, Agra, Uttar
Pradesh, India. He is responsible for financial management, corporate finance, project
finance, taxation, corporate restructuring, risk management and strategic planning of our
Company. Prior to joining our Company, he was associated with Orange Renewable Power
Private Limited, Indiabulls Power Limited, LG Electronics India Private Limited and South
Asia Breweries Private Limited. He has over 23 years of experience in finance and
accounting. 


Balaji Viswanathan Swaminathan is a Non-Executive Independent Director of our
Company with effect from June 23, 2025. He holds a bachelor's degree in commerce from St
Xavier's College, Calcutta, West Bengal, India and has completed the Advanced Management
Programme from Harvard Business School, Boston, Massachusetts, USA. He is a certified
chartered accountant with the Institute of Chartered Accountants of India and cost and
works accountant from Institute of Cost and Works Accountants of India. Previously, he was
associated with BSR & Co., ICICI Bank Limited, Standard Chartered Bank India Limited,
DSP Merrill Lynch Limited, Westpac Banking Corporation. He is currently the Executive
Director and Chief Executive Officer of SAIML Pte. Ltd. He has over 28 years of experience
in financial services. 


Kottamasu Venkateswara Rao is a Non-Executive Independent Director of our Company
with effect from June 23, 2025. He holds a bachelor's degree in commerce from Nagarjuna
University and has a post graduate diploma in international trade from Indian Institute of
Foreign Trade, India. Prior to joining our Company, he was associated with The Delhi Cloth
and General Mills Company Limited, Duncans Tea Limited, SOL Pharmaceuticals Limited, AGIO
Countertraded Pte Ltd., Duncans Industries Limited, International Enterprise Singapore,
Trust Energy Resources Pte. Ltd., Tata Chemicals Limited, Tata Power Company Limited, Tata
Sons Limited in various capacities. He has over 40 years of corporate experience including
in power and energy sectors. 


Maithreyi Swaminathan is a Non-Executive Independent Director of our Company with
effect from June 23, 2025. She holds a bachelor's degree in commerce (honours) from Delhi
University, India and a certificate in the Advanced International Program in Oil and Gas
Financial Management from the University of Texas at Dallas, Texas, USA. She is a
certified chartered accountant with the Institute of Chartered Accountants of India, a
associate member of the Institute of Company Secretaries of India and a member of the
Institute of Social Auditors of India. Prior to joining our Company, she was associated
with Indian Oil Corporation Limited, JSC OGCC KazStroyService, Fluor Daniel India Private
Limited and Guardian India Operations Private Limited in various capacities. She has over
24 years of experience in financial management and planning and strategic investments. 


Prashant Parashar is a Non-Executive Independent Director of our Company with
effect from June 23, 2025. He holds a bachelor's of technology degree in computer science
and engineering from Bundelkhand University, Jhansi, Uttar Pradesh, India and has a post
graduate diploma in management (executive) from Institute of Management Technology, Centre
for Distance Learning, Ghaziabad, Uttar Pradesh, India. Previously, he was associated with
ANI Technologies Private Limited (Ola), Snapdeal Private Limited (formerly Jasper Infotech
Private Limited), Zomato Media Private Limited, Qwest Telecom Software Services Private
Limited, GlobalLogic India Private Limited (formerly Induslogic India Private Limited),
CSC India Private Limited, Newgen Software Technologies Limited and Delhivery Limited. He
is currently the "Co-Founder" of Profound Club Private

Limited. He has over 21 years of experience in the technology and engineering sector. 


Relationship between our Directors, Key Managerial Personnel and Senior Management 


Except as set forth below, none of our Directors are related to each other or to any of
the Key Managerial Personnel or Senior Management: 


  

    
Name of the Director/Key Managerial Personnel/Senior Management
    
Relative
    
Nature of Relationship
  
  

    
Arvind Tiku
    
Hemant Tikoo
    
Brother
  
  

    
Chairperson and Non-Executive Director
    

    

  
  

    
Hemant Tikoo
    
Arvind Tiku
    
Brother
  
  

    
Non-Executive Director
    

    

  



Arrangement or understanding with major shareholders, customers, suppliers or others
for appointment of directors 


There is no arrangement or understanding with major shareholders, customers, suppliers
or others, pursuant to which any of our current Directors have been appointed. See "History
and Certain Corporate Matters - Details of the shareholder's agreement and other material
agreements" on page 409. 


Terms of appointment of our Directors 


Whole-time Directors 


Ankush Malik 

Ankush Malik is the Whole-time Director and Chief Executive Officer of our Company. He
was appointed as the Whole-time Director of our Company pursuant to a resolution passed by
our Board of Directors dated April 30, 2024, for a period of five years. With effect from
May 29, 2025, he was designated as the Chief Executive Officer of our Company. Pursuant to
the resolutions passed by our Board on May 29, 2025 and our Shareholders on June 4, 2025,
the remuneration payable to Ankush Malik was revised effective April 1, 2025 as follows: 

a) Salary: 30.00 million per annum, inclusive of contributions to provident fund
and other allowances. 

b) Benefits, Perquisites and Allowances: In addition to the salary mentioned
above, Ankush Malik is entitled to the following benefits in accordance with the policies
of the Company: 

- Gratuity; 

- Mediclaim, term insurance, and any other insurance benefits as per the Company's
policy; 

- Leave entitlement in accordance with the Company's policy; 

- Leave encashment as per the Company's policy; 

- Reimbursement of business-related expenses such as mobile bill, travel, food, etc.;
and 

- Grant of employee stock options under the employee stock option plan of the Company,
if any, adopted or approved in accordance with applicable laws. 

During Financial Year 2026, Ankush Malik was paid an aggregate compensation (including
remuneration and benefits) of 28.70 million. 

Parag Agrawal 

Parag Agrawal is the Whole-time Director and Chief Financial Officer of our Company. He
was appointed as the Whole-time Director of our Company pursuant to a resolution passed by
our Shareholders on July 4, 2026, for a period of five years. Pursuant to the resolution
passed by our Shareholders on July 4, 2026, the remuneration payable to Parag Agrawal is
as follows: 

a) Salary: 28.00 million per annum, inclusive of contributions to provident fund
and other allowances. 

b) Benefits, Perquisites and Allowances: In addition to the salary mentioned
above, Parag Agrawal is entitled to the following benefits in accordance with the policies
of the Company: 

- Gratuity; 

- Mediclaim, term insurance, and any other insurance benefits as per the Company's
policy; 

- Leave entitlement in accordance with the Company's policy; 

- Leave encashment as per the Company's policy; 

- Reimbursement of business-related expenses such as mobile bill, travel, food, etc.;
and 

- Grant of employee stock options under the employee stock option plan of the Company,
in accordance with applicable laws. 

During Financial Year 2026, Parag Agrawal was paid an aggregate compensation (including
remuneration and benefits) of 27.05 million. 


Non-Executive Directors 


Pursuant to a resolution passed by our Board on June 12, 2025, each of our
Non-Executive Independent Directors is entitled to receive a sitting fee of 0.04 million
for attending each meeting of our Board. Additionally, pursuant to a resolution passed by
our Board on June 12, 2025 and Shareholders on June 23, 2025, each of our Non-Executive
Independent Directors is entitled to receive a commission of up to 0.20 million per month,
which may exceed 1% of the net profits of the Company in a Financial Year, subject to
applicable laws. 

Our Non-Executive Independent Directors were paid the following compensation in
Financial Year 2026. 


  

    
S.No. Name of Director
    
Compensation paid (in million)
  
  

    
1. Maithreyi Swaminathan1
    
2.45
  
  

    
2. Balaji Viswanathan Swaminathan2
    
2.33
  
  

    
3. Kottamasu Venkateswara Rao3
    
2.21
  
  

    
4. Prashant Parashar4
    
2.17
  



1Includes: (i) sitting fees of 0.60 million; and (ii) commission of 1.85 million.
2Includes: (i) sitting fees of 0.48 million; and (ii) commission of 1.85
million. 


3 Includes: (i) sitting fees of 0.36 million; and (ii) commission of 1.85
million. 



4Includes: (i) sitting fees of 0.32 million; and (ii) commission of 1.85 million.


Other than our Non-executive Independent Directors, none of our Non-Executive Directors
are entitled to receive any remuneration or compensation (including sitting fees or
commission) from our Company. None of our Non-Executive Directors were paid any
remuneration or compensation by our Company in Financial Year 2026. 


Remuneration paid or payable to our Directors by our Subsidiaries 


Other than Maithreyi Swaminathan, one of our Non-Executive Independent Directors, who
was an independent director on the board of directors of our Subsidiaries, namely Juniper
Green Field, Juniper Green Sigma and Juniper Green Three, and therefore received sitting
fees for the meetings of their respective boards of 0.32 million in Financial Year 2026,
none of our Directors have received or were entitled to receive any remuneration, sitting
fees or commission from our Subsidiaries, including any contingent or deferred
compensation accrued for Financial Year 2026. 


Bonus or profit-sharing plan for our Directors 


Our Company does not have any bonus or profit-sharing plan for our Directors. 


Contingent and deferred compensation payable to our Directors 


There is no contingent or deferred compensation payable to our Directors, which does
not form part of their remuneration. 



Shareholding of our Directors in our Company 


Except as disclosed in "Capital Structure - Shareholding of our Directors,
Key Managerial Personnel and members of Senior Management in our Company" on
page 163, none of our Directors hold any Equity Shares in our Company as on the date of
this Red Herring Prospectus. As per our Articles of Association, our Directors are not
required to hold any qualification shares. 


Service contracts with Directors 


None of our Directors have entered into a service contract with our Company pursuant to
which they are entitled to any benefits upon termination of employment. 


Interest of Directors 


All our Directors, except for our Non-Executive Directors may be deemed to be
interested to the extent of remuneration or sitting fees, if any, payable to them for
attending meetings of our Board or a committee thereof, as well as to the extent of other
remuneration and all our Directors except Non-Executive Directors may be deemed to be
interested to the extent of reimbursement of expenses, if any, payable to them and as
disclosed in "- Terms of appointment of our Directors" and "Other
Financial Information Related party transactions" on pages 455 and 604,
respectively. 

Our Non-Executive Directors may be interested to the extent of Equity Shares, if any,
held by them or that may be held or subscribed by or allotted to the companies, firms,
ventures, trusts in which they are interested as promoters, directors, partners,
proprietors, members or trustees, including pursuant to the Issue and any dividend and
other distributions payable in respect of such Equity Shares. Arvind Tiku holds more than
15% of the equity shares of AT Holdings, one of our Corporate Promoters, which is a
promoter of our holding company, Juniper Renewable (our other Corporate Promoter) and may
accordingly, may be deemed to be interested to the extent of Equity Shares held by Juniper
Renewable in our Company. For further details, see "Our Promoters and
Promoter Group" on page 471. 

Certain of our Directors may be deemed to be interested in the agreements/arrangements
entered into or to be entered into by our Company with any company which is promoted by
them or in which they are a member or in which they hold directorships or any partnership
firm in which they are a partner. See "Summary of Related Party
Transactions" on page 98. Arvind Tiku holds more than 15% of the equity
shares of AT Holdings, one of our Corporate Promoter, which is a promoter of our holding
company, Juniper Renewable (our other Corporate Promoter) and may accordingly, be
interested to the extent of the agreements/arrangements entered into or to be entered into
by our Company with any company which is promoted by them or in which they are a member or
in which they hold directorships or any partnership firm in which they are a partner. For
further details, see "Our Promoters and Promoter Group" on
page 471. 



Interest in promotion or formation of our Company 


Except for Arvind Tiku and Hemant Tikoo, who are Individual Promoters of our Company,
none of our Directors have an interest in the promotion of our Company, as on the date of
this Red Herring Prospectus. 


Interest in property 


None of our Directors are interested directly or indirectly in any property sold by our
Company in the preceding three years or proposed to be sold by our Company. 


Interest in acquisition of land, construction of building or supply of machinery, etc. 


None of our Directors have any interest in any transaction by our Company for
acquisition of land, construction of building, or supply of machinery, etc. 


Business interest 


Except in the ordinary course of business and as stated in "Other Financial
Information Related Party Transactions" on page 604, our Directors do not
have any other business interest in our Company. 


Loans to Directors 

As on the date of this Red Herring Prospectus, no outstanding loans have been availed
of by our Directors from our Company. 


Confirmations 


None of our Directors are, or for the five years prior to the date of this Red Herring
Prospectus, have been on the board of directors of any listed company whose shares have
been/were suspended from being traded on any stock exchange during the term of his/her
directorship in such company. 

None of our Directors have been or are directors on the board of any listed company
which is or has been delisted from any Stock Exchange during the term of their
directorship in such companies. 

No consideration in cash or shares or otherwise has been paid, or agreed to be paid to
any of our Directors, or to the firms or companies in which they are interested as a
member by any person either to induce such director to become, or to help such director to
qualify as a Director, or otherwise for services rendered by him/her or by the firm or
company in which he/she is interested, in connection with the promotion or formation of
our Company. 

There are no conflicts of interest between the lessors of the Company's immovable
properties, (crucial for operations of the Company) and the Directors. 


Changes to our Board during the last three years 

The changes in our Board during the three years immediately preceding the date of this
Red Herring Prospectus are set forth below. 


  

    
Name of Director
    
Date of Change
    
Reasons
  
  

    
Parag Agrawal
    
July 4, 2026(3)
    
Appointment as a Whole-time Director
  
  

    
Sanjay Kumar Bakliwal
    
July 3, 2026
    
Resignation as a Non-Executive Director
  
  

    
Prashant Parashar
    
June 23, 2025
    
Appointment as Non-Executive Independent Director
  
  

    
Balaji Viswanathan Swaminathan
    
June 23, 2025
    
Appointment as Non-Executive Independent Director
  
  

    
Maithreyi Swaminathan
    
June 23, 2025
    
Appointment as Non-Executive Independent Director
  
  

    
Kottamasu Venkateswara Rao
    
June 23, 2025
    
Appointment as Non-Executive Independent Director
  
  

    
Parag Agrawal
    
May 29, 2025
    
Resignation as a Whole-time Director
  
  

    
Arvind Tiku
    
May 29, 2025
    
Appointment as Chairperson
  
  

    
Naresh Mansukhani
    
April 15, 2025
    
Resignation as Whole-time Director pursuant to
  
  

    

    

    
cessation of employment
  
  

    
Ankush Malik
    
April 30, 2024(2)
    
Appointed as Whole-time Director(1)
  
  

    
Devendra Singh
    
April 29, 2024
    
Resignation as Director
  



(1) Appointed as Additional Director and designated as a Whole-time Director by
our Board pursuant to a resolution dated April 30, 2024. (2) Regularised by a
resolution approved by our Shareholders on September 30, 2024. (3) Appointed by
a resolution approved by our Shareholders on July 4, 2026. 


Borrowing powers 


Pursuant to Sections 179 and 180(1)(c) and other applicable provisions, of the
Companies Act 2013 and our Articles of Association, subject to applicable laws and
pursuant to the resolution passed by our Board dated May 13, 2025 and the special
resolution passed by our Shareholders dated May 22, 2025, our Board has been authorised to
borrow any sum or sums of money at its discretion, on such terms and conditions as the
Board may deem fit, notwithstanding that the moneys to be borrowed by the Company together
with the moneys already borrowed (apart from the temporary loans obtained or to be
obtained from the Company's bankers in the ordinary course of business) from banks,
financial institutions, mutual funds and/or other persons, firms, bodies corporate,
including by way of loans or credit facilities (fund based or non-fund based) or by issue
of bonds on such terms and conditions with or without security, may exceed the aggregate
of the paid-up capital of the Company and its free reserves (that is to say reserves not
set apart for any specific purpose) and security premium account of the Company provided
that the maximum amount of money so borrowed by the Company and outstanding at any one
time shall not exceed 100,000.00 million. 


Corporate governance 


As on the date of this Red Herring Prospectus, we have eight Directors on our Board,
comprising two Whole time Directors, two Non-Executive Directors, and four Non-Executive
Independent Directors of which one is a woman Non-Executive Independent Director. In
compliance with Section 152 of the Companies Act, 2013, not less than two thirds of the
Directors (excluding Non-Executive Independent Directors) are liable to retire by
rotation. Our Company is in compliance with the corporate governance norms prescribed
under the SEBI Listing Regulations and the Companies Act, 2013 in relation to the
composition of our Board and constitution of committees thereof. 

Our Company undertakes to take all necessary steps to continue to comply with all the
applicable requirements of SEBI Listing Regulations and the Companies Act, 2013. 


Committees of the Board of Directors 

Our Company has constituted the following Board committees in terms of the SEBI Listing
Regulations, and the Companies Act: 

(a) Audit Committee; 

(b) Nomination and Remuneration Committee; (c) Stakeholders' Relationship Committee;
(d) Risk Management Committee; and (e) Corporate Social Responsibility Committee. 


Audit Committee 


The Audit Committee was constituted by a resolution passed by our Board dated June 23,
2025. The Audit Committee is in compliance with Section 177 and other applicable
provisions of the Companies Act and Regulation 18 of the SEBI Listing Regulations. The
Audit Committee currently comprises of: 


  

    
S.No. Name of Director
    
Designation
    
Committee Designation
  
  

    
1. Maithreyi Swaminathan
    
Non-Executive Independent
    
Chairperson
  
  

    

    
Director
    

  
  

    
2. Balaji Viswanathan
    
Non-Executive Independent
    
Member
  
  

    
Swaminathan
    
Director
    

  
  

    
3. Ankush Malik
    
Whole-time Director
    
Member
  



Terms of reference 

The Audit Committee shall be responsible for, among other things, as may be required by
applicable laws, the stock exchange(s) from time to time, the following: 

Powers of Audit Committee 

The powers of the Audit Committee include the following: 

(1) to investigate any activity within its terms of reference; (2) to seek information
from any employee; (3) to obtain outside legal or other professional advice; 

(4) to secure attendance of outsiders with relevant expertise, if it considers
necessary; and 

(5) such other powers as may be prescribed under the Companies Act and the SEBI Listing
Regulations. Role of Audit Committee The role of the Audit Committee include the
following: 

(1) oversight of financial reporting process and the disclosure of financial
information relating to our Company to ensure that the financial statements are correct,
sufficient and credible; 

(2) recommendation to the Board of Directors for appointment, re-appointment,
replacement, remuneration and other terms of appointment of auditors of the Company and
the fixation of the audit fee; 

(3) approval of payment to statutory auditors for any other services rendered by the
statutory auditors; 

(4) examining and reviewing, with the management, the annual financial statements and
auditor's report thereon before submission to the Board for approval, with particular
reference to: 

a. matters required to be included in the director's responsibility statement to be
included in the Board's report in terms of clause (c) of sub-Section 3 of Section 134 of
the Companies Act, 2013; b. changes, if any, in accounting policies and practices and
reasons for the same; c. major accounting entries involving estimates based on the
exercise of judgment by management; d. significant adjustments made in the financial
statements arising out of audit findings; e. compliance with listing and other legal
requirements relating to financial statements; f. disclosure of any related party
transactions; and g. modified opinion(s) in the draft audit report. 

(5) reviewing, with the management, the quarterly, half-yearly and annual financial
statements before submission to the Board for approval; 

(6) reviewing, with the management, the statement of uses / application of funds raised
through an issue (public issue, rights issue, preferential issue, etc.), the statement of
funds utilized for purposes other than those stated in the offer
document/prospectus/notice and the report submitted by the monitoring agency monitoring
the utilization of proceeds of a public or rights issue or preferential issue or qualified
institutions placement, and making appropriate recommendations to the Board to take up
steps in this matter; 

(7) reviewing and monitoring the auditor's independence and performance, and
effectiveness of audit process; 

(8) approval or any subsequent modification of transactions of the Company with related
parties by the independent directors who are members of the Audit Committee; 

(9) ratification of transactions of the Company with related parties, as per applicable
law; 

(10) grant omnibus approval for related party transactions proposed to be entered into
by the Company or its subsidiary subject to the following conditions: 

i. recommend criteria for omnibus approval including any changes therein after
obtaining approval of the Board; ii. make omnibus approval for related party transactions,
other than transactions in respect of selling or disposing of the undertaking of the
Company, proposed to be entered into by the Company for every Financial Year as per the
criteria approved; iii. review of transactions pursuant to omnibus approval; iv. make
recommendation to the Board, where Audit Committee does not approve transactions other
than the transactions falling under Section 188 of the Companies Act, 2013. 


Explanation: The term "related party transactions" shall have the same
meaning as provided in Clause

2(zc) of the SEBI Listing Regulations and/or the applicable Accounting Standards and/or
the Companies Act, 2013. 


(11) scrutiny of inter-corporate loans and investments; 

(12) valuation of undertakings or assets of the Company, wherever it is necessary; 

(13) evaluation of internal financial controls and risk management systems; 

(14) reviewing, with the management, performance of statutory and internal auditors,
and adequacy of the internal control systems; 

(15) reviewing the adequacy of internal audit function, if any, including the structure
of the internal audit department, staffing and seniority of the official heading the
department, reporting structure coverage and frequency of internal audit; 

(16) discussion with internal auditors of any significant findings and follow-up
thereon; 

(17) reviewing the findings of any internal investigations by the internal auditors
into matters where there is suspected fraud or irregularity or a failure of internal
control systems of a material nature and reporting the matter to the Board; 

(18) discussion with statutory auditors before the audit commences, about the nature
and scope of audit as well as post-audit discussion to ascertain any area of concern; 

(19) looking into the reasons for substantial defaults in the payment to depositors,
debenture holders, shareholders (in case of non-payment of declared dividends) and
creditors; 

(20) reviewing or overseeing the functioning of the whistle blower mechanism or vigil
mechanism established by our Company, with the chairperson of the Audit Committee directly
hearing grievances of victimization of employees and directors, who used vigil mechanism
to report genuine concerns in appropriate and exceptional cases; 

(21) monitoring the end use of funds raised through public offers and related matters; 

(22) approval of appointment of chief financial officer after assessing the
qualifications, experience and background, etc., of the candidate; 

(23) reviewing the utilization of loans and/or advances from/investment by the Company
in its subsidiary(/ies) exceeding 1,000 million, or 10% of the asset size of the
subsidiary(/ies), whichever is lower including existing loans/ advances/investments; 

(24) review the financial statements, in particular, the investments made by any
unlisted subsidiary; 

(25) considering and commenting on rationale, cost-benefits and impact of schemes
involving merger, demerger, amalgamation etc., on the Company and its Shareholders; 

(26) approving the key performance indicators for disclosure in the offer documents,
and approval of KPIs once every year, or as may be required under applicable law; and 

(27) carrying out any other functions required to be carried out by the Audit Committee
as may be decided by the Board and/or as provided under the Companies Act, 2013, the SEBI
Listing Regulations or any other applicable law, as and when amended from time to time and
as maybe necessary or appropriate for the performance of its duties. 

The Audit Committee shall mandatorily review the following information: 

(i) management discussion and analysis of financial condition and results of
operations; (ii) management letters/ letters of internal control weaknesses issued by the
statutory auditors; (iii) internal audit reports relating to internal control weaknesses;
(iv) the appointment, removal and terms of remuneration of the chief internal auditor; and
(v) statement of deviations in terms of the SEBI Listing Regulations: 

(a) quarterly statement of deviation(s) including report of monitoring agency, if
applicable, submitted to stock exchange(s) where the Equity Shares are proposed to be
listed in terms of the SEBI Listing Regulations; (b) annual statement of funds utilised
for purposes other than those stated in the offer document/ prospectus/ notice in terms of
the SEBI Listing Regulations; (c) such information as may be prescribed under the
Companies Act and the SEBI Listing Regulations. 


Nomination and Remuneration Committee 


The Nomination and Remuneration Committee was constituted by a resolution passed by our
Board dated June 23, 2025. The composition and terms of reference of the Nomination and
Remuneration Committee are in compliance with Section 178 and other applicable provisions
of the Companies Act 2013 and Regulation 19 of the SEBI Listing Regulations. The
Nomination and Remuneration Committee currently comprises: 


  

    
S.No. Name of Director
    
Designation
    
Committee Designation
  
  

    
1. Maithreyi Swaminathan
    
Non-Executive Independent Director
    
Chairperson
  
  

    
2. Hemant Tikoo
    
Non-Executive Director
    
Member
  
  

    
3. Kottamasu Venkateswara Rao
    
Non-Executive Independent Director
    
Member
  



Terms of reference 


The Nomination and Remuneration Committee shall be responsible for, among other things,
the following: 

(1) formulation of the criteria for determining qualifications, positive attributes and
independence of a director and recommend to the Board of Directors, a policy relating to
the remuneration of the directors, key managerial personnel and other employees ("Remuneration
Policy"); 

(2) for every appointment of an Independent Director, the Nomination and Remuneration
Committee shall evaluate the balance of skills, knowledge and experience on the Board and
on the basis of such evaluation, prepare a description of the role and capabilities
required of an Independent Director. The person recommended to the Board for appointment
as an Independent Director shall have the capabilities identified in such description. For
the purpose of identifying suitable candidates, the Nomination and Remuneration Committee
may: 

(a) use the services of external agencies, if required; 

(b) consider candidates from a wide range of backgrounds, having due regard to
diversity; and (c) consider the time commitments of the candidates. 

(3) formulation of criteria for evaluation of performance of Independent Directors and
the Board; 

(4) devising a policy on Board diversity; 

(5) identifying persons who are qualified to become Directors and who may be appointed
in Senior Management in accordance with the criteria laid down, and recommend to the Board
their appointment and removal and carrying out evaluation of every Director's performance
(including Independent Directors); 

(6) analysing, monitoring and reviewing various compensation matters; 

(7) determining the Company's policy on specific remuneration packages for executive
Directors; 

(8) whether to extend or continue the term of appointment of the Independent Directors,
on the basis of the report of performance evaluation of Independent Directors; 

(9) recommending to the board, all remuneration, in whatever form, payable to Senior
Management; 

(10) to develop a succession plan for the Senior Management and KMPs and to regularly
review the plan subject to satisfaction of the Board of Directors; 

(11) carrying out any other functions required to be carried out by the Nomination and
Remuneration Committee as contained in the Companies Act, 2013, SEBI Listing Regulations
or any other applicable law, as and when amended from time to time or as may be delegated
by the Board. 

(12) the Nomination and Remuneration Committee, while formulating the Remuneration
Policy, should ensure that: 

(a) the level and composition of remuneration be reasonable and sufficient to attract,
retain and motivate directors of the quality required to run the Company successfully; (b)
relationship of remuneration to performance is clear and meets appropriate performance
benchmarks; and (c) remuneration to Directors, Key Managerial Personnel and Senior
Management involves a balance between fixed and incentive pay reflecting short and long
term performance objectives appropriate to the working of the Company and its goals. 

(13) perform such functions as are required to be performed under Regulation 5 and
other applicable regulations of the Securities and Exchange Board of India (Share Based
Employee Benefits and Sweat Equity) Regulations, 2021, as amended; and 

(14) carrying out any other activities as may be delegated by the Board of Directors of
the Company, functions required to be carried out by the Nomination and Remuneration
Committee as provided under the Companies Act, 2013, the SEBI Listing Regulations or any
other applicable law, as and when amended from time to time. 


Stakeholders' Relationship Committee 


The Stakeholders' Relationship Committee was constituted by a resolution passed by our
Board dated June 23, 2025 and last re-constituted pursuant to a resolution passed by our
Board at its meeting held on July 3, 2026. The composition and terms of reference
ofStakeholders' Relationship Committee are in compliance with Section 178 and any other
applicable law of the Companies Act 2013 and Regulation 20 of the SEBI Listing
Regulations. The 

Stakeholders' Relationship Committee currently comprises: 


  

    
S.No. Name of Director
    
Designation
    
Committee Designation
  
  

    
1. Arvind Tiku
    
Non-Executive Director
    
Chairperson
  
  

    
2. Kottamasu Venkateswara Rao
    
Non-Executive Independent Director
    
Member
  
  

    
3. Ankush Malik
    
Whole-time Director
    
Member
  



Terms of Reference 


The Stakeholders' Relationship Committee shall be responsible for, among other things,
as may be required under applicable law, the following: 

- considering and looking into various aspects of interest of Shareholders, debenture
holders and other security holders; 

- resolving the grievances of the security holders of the Company including complaints
related to transfer/transmission and allotment of shares or any other securities,
non-receipt of annual report, non-receipt of declared dividends, issue of new/duplicate
certificates, general meetings etc.; 

- review of measures taken for effective exercise of voting rights by Shareholders; 

- review of adherence to the service standards adopted by the Company in respect of
various services being rendered by the registrar and share transfer agent; 

- resolving grievances of debenture holders related to creation of charge, payment of
interest/principal, maintenance of security cover and any other covenants; and 

- review of the various measures and initiatives taken by the Company for reducing the
quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual
reports/statutory notices by the shareholders of the company; and 

- carrying out any other functions required/mandated and/or delegated by the Board to
be carried out by the 

Stakeholders' Relationship Committee as contained in the Companies Act, 2013 or the
SEBI Listing

Regulations, listing agreements or any other applicable law, as and when amended from
time to time, and performing such other functions as may be necessary or appropriate for
the performance of its duties. 


Risk Management Committee 


The Risk Management Committee was constituted by a resolution of our Board June 23,
2025. The scope and functions of the Risk Management Committee are in compliance with the
Regulation 21 of the SEBI Listing Regulations. The Risk Management Committee currently
comprises: 


  

    
S.No. Name of Director
    
Designation
    
Committee Designation
  
  

    
1. Maithreyi Swaminathan
    
Non-Executive Independent
    
Chairperson
  
  

    

    
Director
    

  
  

    
2. Prashant Parashar
    
Non-Executive Independent
    
Member
  
  

    

    
Director
    

  
  

    
3. Parag Agrawal
    
Whole-time Director
    
Member
  



Terms of reference 


The role and responsibilities of the Risk Management Committee include the following: 

- To review, assess and formulate the risk management system and policy of the Company
from time to time and recommend for an amendment or modification thereof, which shall
include: 

(a) a framework for identification of internal and external risks specifically faced by
the Company, in particular including financial, operational, sectoral, sustainability
(particularly, environment, social and governance related risks), information, cyber
security risks or any other risk as may be determined by the Risk Management Committee; 

(b) measures for risk mitigation including systems and processes for internal control
of identified risks; and (c) business continuity plan; 

- to ensure that appropriate methodology, processes and systems are in place to monitor
and evaluate risks associated with the business of the Company; 

- to monitor and oversee implementation of the risk management policy, including
evaluating the adequacy of risk management systems; 

- To periodically review the risk management policy, at least once in two years,
including by considering the changing industry dynamics and evolving complexity, and
recommend for any amendment or modification thereof, as necessary; 

- to keep the Board of the Company informed about the nature and content of its
discussions, recommendations and actions to be taken; 

- to review the appointment, removal and terms of remuneration of the chief risk
officer (if any); 

- to implement and monitor policies and/or processes for ensuring cyber security; 

- to coordinate its activities with other committees, in instances where there is any
overlap with activities of such committees, as per the framework laid down by the Board;
and 

- to undertake any other similar or other functions as may be laid down by Board from
time to time and/or as may be required under applicable law, as and when amended from time
to time, including the SEBI Listing Regulations, uniform listing agreements and performing
such other functions as may be necessary or appropriate for the performance of its duties.



Corporate Social Responsibility Committee 


The Corporate Social Responsibility Committee was constituted pursuant to a resolution
resolution passed by our Board dated June 23, 2025 and last re-constituted pursuant to a
resolution passed by our Board at its meeting held on July 3, 2026. The composition and
terms of reference of the Corporate Social Responsibility Committee are in compliance with
Section 135 of the Companies Act, 2013. The Corporate Social Responsibility Committee
currently comprises: 


  

    
S.No. Name of Director
    
Designation
    
Committee Designation
  
  

    
1. Arvind Tiku
    
Non-Executive Director
    
Chairperson
  
  

    
2. Hemant Tikoo
    
Non-Executive Director
    
Member
  
  

    
3. Prashant Parashar
    
Non-Executive Independent
    
Member
  
  

    

    
Director
    

  



Terms of reference: 


The Corporate Social Responsibility Committee shall be responsible for, among other
things, as may be required by under applicable law, the following: 

(a) to formulate and recommend to the Board, a "Corporate Social Responsibility
Policy" which shall indicate the activities to be undertaken by the Company as
specified in Schedule VII of the Companies Act, 2013, and the rules made thereunder, each
as amended, monitor the implementation of the same from time to time, and make any
revisions therein as and when decided by the Board; 

(b) to review and recommend the amount of expenditure to be incurred on the activities
referred to in clause (a); 

(c) to monitor the Corporate Social Responsibility Policy of the Company from time to
time; 

(d) to identifying corporate social responsibility policy partners and corporate social
responsibility policy programmes; 

(e) the Corporate Social Responsibility Committee shall formulate and recommend to the
Board, an annual action plan in pursuance of its corporate social responsibility policy,
which shall include the following: 

i. the list of corporate social responsibility projects or programmes that are approved
to be undertaken in areas or subjects specified in Schedule VII of the Companies Act,
2013; ii. the manner of execution of such projects or programmes as specified in the rules
notified under the 

Companies Act, 2013; iii. the modalities of utilisation of funds and implementation
schedules for the projects or programmes; iv. monitoring and reporting mechanism for the
projects or programmes; and v. details of need and impact assessment, if any, for the
projects undertaken by the Company. 

Provided that the Board may alter such plan at any time during the financial year, as
per the recommendation of the Corporate Social Responsibility Committee, based on the
reasonable justification to that effect; and 

(f) any other matter as the Corporate Social Responsibility Committee may deem
appropriate after approval of the Board or as may be directed by the Board from time to
time and/or as may be required under applicable law, as and when amended from time to
time. 


Brief Profiles of our Key Managerial Personnel and Senior Management 


Key Managerial Personnel 


In addition to our Whole-time Director and Chief Executive Officer, Ankush Malik and
Whole-time Director and Chief Financial Officer, Parag Agrawal, whose details are
disclosed in "- Brief Profiles of our Directors" on page 453, the
details of our other Key Managerial Personnel as on the date of this Red Herring
Prospectus are set forth below: 


Prashant Pandia is the Company Secretary and Compliance Officer of our Company. He
has been associated with our Company since November 11, 2018. He is responsible for
ensuring secretarial and regulatory compliances of our Company. He has passed the
examination for bachelor's degree in commerce from the University of Bikaner, Rajasthan,
India and passed the examination for bachelor's degree in law from the Tagore Public Law
College, University of Rajasthan, Rajasthan, India. He has also obtained a postgraduate
diploma in management from IIMT, Greater Noida, Uttar Pradesh, India. He was admitted as a
fellow member of the Institute of Company Secretaries of India. Prior to joining our
Company, he was associated with Orange Renewable Power Private Limited and Manisha Gupta
& Associates. He has over 12 years of experience in secretarial and regulatory
compliance. In Fiscal 2026, he received an aggregate compensation of 7.00 million. 


Senior Managerial Personnel 

In addition to our Whole-time Director and Chief Executive Officer, Whole-time Director
and Chief Financial Officer and Company Secretary and Compliance Officer, who are also our
Key Managerial Personnel and whose details have been disclosed in "- Brief
Profiles of our Directors" and "Key Managerial Personnel and Senior


Management Key Managerial Personnel" above, the details of our Senior
Management as on the date of this

Red Herring Prospectus are set forth below: 


Abhishek Tulsyan is the Senior Vice President Procurement of our Company. He has
been associated with our Company since November 1, 2018, and is responsible for end-to-end
material procurement, supply chain, vendor management, cost and process analysis and
budgeting. He holds a bachelor's and master's degree in computer application from Indira
Gandhi National Open University, Delhi, India. He also has a master's degree in business
administration in logistics and supply chain management from University of Petroleum and
Energy Studies, Dehradun, Uttarakhand, India and a post graduate diploma in financial
management from Indira Gandhi National Open University, Delhi, India. Prior to joining our
Company, he was associated with Orange Renewable Power Private Limited, Azure Power
Private Limited, ACME Solar Energy India Private Limited and Denave India Private Limited.
In Fiscal 2026, he received an aggregate compensation of 18.48 million including 1.58
million from one of our Subsidiary, Juniper Green Stellar. 


Amaresh Pandey is the Vice President Corporate Affairs of our Company. He has been
associated with our Company since September 13, 2021 and is responsible for government
relations and regulatory affairs, permit and approval, coordinating with central and state
government bodies for policies and regulations, cross functional support, stakeholder
management. He has passed the examination for bachelors of arts from University of
Lucknow, Uttar Pradesh, India and post graduate diploma in business administration from
International Institute for Special Education, Lucknow, Uttar Pradesh, India. Prior to
joining our Company, he was associated with Siemens Gamesa Renewable Power Private
Limited, Reliance Communications Limited, Vodafone Essar Spacetel Limited. In Fiscal 2026,
he received an aggregate compensation of 0.63 million and 16.01 million from our
Subsidiaries, Juniper Green Cosmic and Juniper Power Five, respectively. 


Amit Gupta is the Vice President Power Sales of our Company. He has been associated
with our Company since April 10, 2023, and is responsible for power market operations,
business development, power trading, policy and regulatory analysis along with power sales
optimization. He holds a bachelor of technology degree in electrical engineering from
I.I.T.T College of Engineering, Himachal Pradesh University, Himachal Pradesh, India and
post graduate diploma in business administration from Symbiosis Centre for Distance
Learning Institute, Pune, Maharashtra, India with specialisation in operations management.
Prior to joining our Company, he was associated with Statkraft Markets Private Limited,
JSW Power Trading Company Limited and North Delhi Power Limited. In Fiscal 2026, he
received an aggregate compensation of 16.80 million, including 0.45 million and 1.28
million from our Subsidiaries, Juniper Green Cosmic and Juniper Power Trading,
respectively. 


Basavaraj P Patil is the Vice President Project Development of our Company. He has
been associated with our Company since December 3, 2024 and is responsible for land
acquisition, policy, regulatory issues and liaising with government, semi government,
local communities for Solar, Wind and Hybrid projects. He holds a bachelor of engineering
degree (automobile branch) from Rural Engineering College, Karnatak University, Dharwad,
Karnataka, India. Prior to joining our Company, he was associated with JSW Renewable
Energy (Vijaynagar) Limited, Sorigin RE Services Private Limited, GE India Industrial
Private Limited, Vestas Wind Technology India Private Limited, Orange Mamatkheda Wind
Private Limited, Enercon (India) Limited, Kalyani Steels Limited, South India Corporation
Private Limited, Mytrah Energy (India) Limited. In Fiscal 2026, he received an aggregate
compensation of 6.48 million and 2.00 million from our Subsidiaries, Juniper Green Stellar
and Juniper Beam Eight, respectively. 


Brijesh Kumar is the Senior General Manager - Engineering of our Company. He has
been associated with our Company since November 1, 2018 and is responsible for leading and
managing all aspects of design and engineering to deliver high-quality, efficient, and
sustainable solar power plants and power substation infrastructure. He holds a bachelor of
technology degree in electrical engineering from Janardan Rai Nagar Rajasthan Vidyapeeth
University, Udaipur, Rajasthan, India and post graduate diploma in operation management
from Indira Gandhi National Open University, Delhi, India and masters of business
administration in operations management from Indira Gandhi National Open University,
Delhi, India. Prior to joining our Company, he was associated with Orange Suvaan Energy
Private Limited, Acme Cleantech Solutions Private Limited and Lloyd Insulations (India)
Limited. In Fiscal 2026, he received an aggregate compensation of 13.41 million from one
of our Subsidiary, Juniper Green Stellar. 


Deepak Katyal is the Executive Vice President Projects Solar of our Company. He has
been associated with our Company since November 1, 2023, and is responsible for end-to-end
project execution and power evacuation for solar projects across India. He holds a
bachelor's in engineering/technology degree in electrical engineering from Adesh Institute
of Engineering & Technology, Punjab Technical University, Faridkot, Punjab, India.
Prior to joining our Company, he was associated with Blue Leaf Energy India LLP, O2 Power
Private Limited, ReNew Power Private Limited, Larsen & Toubro Limited, A2Z Maintenance
& Engineering Services Limited, Merino Industries Limited and Oswal Woolen Mills
Limited. In Fiscal 2026, he received an aggregate compensation of 17.07 million including
1.87 million from one of our Subsidiary, Juniper Green Stellar. 


Gaurav Kumar Kalal is the Senior Vice President Project Finance of our Company. He
has been associated with our Company since November 1, 2018 and is responsible for project
finance, debt financing, term loan, refinancing, structured finance, financial modelling,
working capital syndication and funds arrangement. He holds a bachelor of technology
degree in electronics and communication engineering from Malaviya National Institute of
Technology, Jaipur, Rajasthan, India and a post graduate diploma in management from Indian
Institute of Management, Kozhikode, Kerala, India. Prior to joining our Company, he was
associated with Orange Mamatkheda Wind Private Limited, Worlds Window Infrastructure and
Logistics Private Limited, SBI Capital Markets Limited, IFCI Factors Limited, Escorts
Limited and Defence Research and Development Organisation, Government of India. In Fiscal
2026, he received an aggregate compensation of 17.89 million including 0.97 million and
0.68 million from our Subsidiaries, Juniper Green Cosmic and Juniper Green Beta,
respectively. 


Goutam Samanta is Vice President Technology and has been associated with our
Company since June 1, 2019 and is responsible for the technology function with a focus on
PV module technology, including module design review, quality assessment, performance
optimization, and procurement strategy. He holds a bachelor's degree in science (physics)
from University of Calcutta, West Bengal, India and master's in science (physics) from
Indian Institute of Technology Kharagpur, West Bengal, India. He also holds a master's of
technology degree in industrial physics from Indian Institute of Technology Kharagpur,
West Bengal, India. Prior to joining our Company, he was associated with Orange Renewable
Power Private Limited and Acme Solar Energy Private Limited. In Fiscal 2026, he received
an aggregate compensation of 0.99 million, 2.30 million and 

10.67 million from our Subsidiaries, Juniper Green Cosmic, Juniper ETA Five and Juniper
Green Beta, respectively. 


Pavan Kumar Gupta is the General Manager Business Development at our Company. He
has been associated with our Company since February 20, 2023 and is responsible for
project development, securing connectivity approvals, stakeholder management, coordinating
with key stakeholders and nodal agencies. He holds a bachelor of technology degree in
electrical engineering from National Institute of Technology, Kurukshetra, Haryana, India
and attended the Enel GPG School of Business Development organised by SDA Bocconi School
of Management, Milan, Italy. He also holds master's degree in business laws from the
National Law School of India University, Bengaluru, Karnataka, India. Prior to joining our
Company, he was associated with Enel Green Power India Private Limited. In Fiscal 2026, he
received an aggregate compensation of 8.61 million including 0.37 million and 0.26 million
from our Subsidiaries, Juniper Green Cosmic and Juniper Green Beta, respectively. 


Pratik Poddar is the Senior Vice President Projects Wind of our Company. He has
been associated with our Company since April 7, 2022, and is responsible for day-to-day
operations of the wind energy business including strategic planning, wind resource
management, project development and execution of the wind business of our Company. He
holds a bachelor of technology degree in electrical and electronics engineering from
National Institute of Technology Calicut, Kozihikode, Kerala, India. Prior to joining our
Company, he was associated with Atria Brindavan Power Private Limited, Ostro Energy
Private Limited, ENGIE Energy and Services Private Limited and Accenture Services Private
Limited. In Fiscal 2026, he received an aggregate compensation of 16.80 million including
1.80 million from one of our Subsidiary, Juniper Green Stellar, respectively. 


Arrangements and understanding with major shareholders, customers, suppliers or others 


None of the Key Managerial Personnel or Senior Management of our Company have been
appointed pursuant to any arrangement or understanding with our major shareholders,
customers, suppliers or others. 


Status of Key Managerial Personnel and Senior Management 


Except for Amaresh Pandey, who is an employee of one of our Subsidiaries, Juniper Power
Five, Goutam Samanta, who is an employee of one of our Subsidiaries, Juniper Green ETA
Five, Basavaraj P Patil, who is an employee of one of our Subsidiaries, Juniper Sigma
Eight and Brijesh Kumar, who is an employee of one of our Subsidiaries, Juniper Beta Six,
all our Key Managerial Personnel and members of the Senior Management are permanent
employees of our Company. 


Relationship among Key Managerial Personnel and Senior Management 


None of our Key Managerial Personnel and Senior Management are related to each other. 


Bonus or profit-sharing plan for the Key Managerial Personnel and Senior Management 


Our Company does not have any bonus (excluding individual performance linked incentive
for certain of our Senior Management, which is part of their remuneration) or a
profit-sharing plan for our Key Managerial Personnel and Senior Management as on the date
of this Red Herring Prospectus. 


Shareholding of Key Managerial Personnel and Senior Management in our Company 


Except as disclosed in "Capital Structure Shareholding of our Directors, Key
Managerial Personnel and members of Senior Management in our Company" on page
163, none of our Key Managerial Personnel and Senior Management Personnel hold any Equity
Shares in our Company. 


Service contracts with Directors and Key Managerial Personnel and Senior Management 


Our Company has not entered into any service contracts, pursuant to which its Key
Managerial Personnel or Senior Management are entitled to benefits upon termination of
employment, except statutory benefits in accordance with the terms of their appointment. 


Contingent and deferred compensation payable to our Key Managerial Personnel and Senior
Management 


There is no contingent or deferred compensation payable to our Key Managerial Personnel
and Senior Management, which does not form part of their remuneration. 


Interest of Key Managerial Personnel and Senior Management 


The Key Managerial Personnel and Senior Management of our Company do not have any
interest in our Company other than to the extent of the remuneration or benefits to which
they are entitled to as per their terms of appointment and reimbursement of expenses
incurred by them during the ordinary course of business. 

Further, our Key Managerial Personnel and members of the Senior Management may be
regarded as interested in the Equity Shares held by them. Our Key Managerial Personnel and
members of the Senior Management may also be deemed to be interested to the extent of
options granted to them under the ESOP 2025. For details, see "Capital
Structure Employee Stock Option Scheme" on page164. 


Changes in Key Managerial Personnel or Senior Management during the last three years 


Except as set forth below, there are no other changes in our Key Managerial Personnel
or Senior Management* during the three years immediately preceding the date of
this Red Herring Prospectus: 


  

    
Name
    
Date of Change
    
Reasons
  
  

    
Parag Agrawal
    
July 4, 2026
    
Designated as Whole-time Director and Chief Financial
  
  

    

    

    
Officer
  
  

    
Amaresh Pandey
    
April 1, 2026
    
Designated as Vice President Corporate Affairs
  
  

    
Deepak Katyal
    
April 1, 2026
    
Designated as Executive Vice President Projects Solar
  
  

    
Ankush Malik
    
May 29, 2025
    
Designated as Whole-time Director and Chief Executive
  
  

    

    

    
Officer
  
  

    
Parag Agrawal
    
May 29, 2025
    
Appointed as the Chief Financial Officer
  
  

    
Parag Agrawal
    
May 29, 2025
    
Resignation as a Whole-time Director
  
  

    
Naresh Mansukhani
    
April 15, 2025
    
Cessation of employment as chief executive officer
  
  

    
Abhishek Tulsyan
    
April 1, 2025
    
Appointed as Senior Vice President Procurement
  
  

    
Deepak Katyal
    
April 1, 2025
    
Appointed as Senior Vice President Projects Solar
  
  

    
Pratik Poddar
    
April 1, 2025
    
Appointed as Senior Vice President Projects Wind
  
  

    
Gaurav Kumar Kalal
    
April 1, 2025
    
Appointed as Senior Vice President- Project Finance
  
  

    
Amit Gupta
    
April 1, 2025
    
Appointed as Vice President Power Sales
  
  

    
Pavan Kumar Gupta
    
April 1, 2025
    
Appointed as General Manager Business Development
  



*Pursuant to the Board resolution dated June 12, 2025, Abhishek Tulsyan, Deepak
Katyal, Pratik Poddar, Gaurav Kumar Kalal, Amit Gupta, Basavaraj P Patil, Amaresh Pandey,
Pavan Kumar Gupta, Goutam Samanta and Brijesh Kumar, have been identified as Senior
Management as per the requirements specified under SEBI ICDR Regulations. 


Employee stock option and stock purchase schemes 


Except as disclosed in "Capital Structure Employee Stock Option Scheme"
on page 164, as on the date of this Red Herring Prospectus, our Company does not have any
employee stock option schemes. 


Payment or benefit to Key Managerial Personnel and Senior Management 


No non-salary related amount or benefit has been paid or given to any of our Company's
officers including our

Directors, Key Managerial Personnel and Senior Management within the two preceding
years of this Red Herring Prospectus or is intended to be paid or given, other than in the
ordinary course of their employment. For details, see "Capital Structure Notes
to capital structure Equity share capital history of our Company" on page
148. 


OUR PROMOTERS AND PROMOTER GROUP 


Arvind Tiku, Hemant Tikoo, Niharika Tiku, Juniper Renewable Holdings Pte. Ltd. and AT
Holdings Pte. Ltd. are the Promoters of our Company. As on the date of this Red Herring
Prospectus, Juniper Renewable, along with nominee shareholders (i.e., Suneet Puri, Parag
Agrawal, Ankush Malik, Gaurav Kumar Kalal, Amit Gupta and Deepak Katyal) hold an aggregate
of 488,989,292 Equity Shares of face value of 10 each, comprising 99.43% of the pre-Issue
issued, subscribed and paid-up Equity Share capital of our Company, on a fully diluted
basis*. For details of the build-up of Juniper Renewable's shareholding in our
Company, see "Capital Structure History of build-up of Promoters'
shareholding in our Company" on page 154. 


*The percentage of Equity Share capital on a fully diluted basis, assuming
issuance of 2,817,358 Equity Shares resulting upon exercise of vested options under the
ESOP 2025. 


Details of our Promoters 

Corporate Promoters 

1. Juniper Renewable Holdings Pte. Ltd. 



Corporate Information 


Juniper Renewable was incorporated on March 26, 2018, as a private limited company
under the laws of the Republic of Singapore with registration number 201810194D. Its
registered office is situated at 3, Church Street, #16-04/05, Samsung Hub, Singapore 049
483. 


Nature of Business 


As on the date of this Red Herring Prospectus, Juniper Renewable is an investment
holding company. 

There has been no change in business activities of Juniper Renewable from the date of
its incorporation. 


Shareholding Pattern of Juniper Renewable 


As on the date of this Red Herring Prospectus, the equity shares of Juniper Renewable
are not listed on any stock exchange. 

The shareholding pattern of Juniper Renewable, as on the date of this Red Herring
Prospectus, is as follows: 


  

    
S.No.
    
Name of shareholder
    
Shareholding (%)
  
  

    
1.
    
AT Holdings Pte. Ltd.
    
75.01
  
  

    
2.
    
Rosco S.A.
    
24.99
  
  

    

    
Total
    
100.00
  



Board of directors of Juniper Renewable 


The board of directors of Juniper Renewable, as on the date of this Red Herring
Prospectus, comprises the following: 


  

    
S. No. Name of director
    
Designation
  
  

    
1. Rohit Kumar Gupta
    
Non-Independent Director
  
  

    
2. Nico Albert Maria Derksen
    
Independent Director
  
  

    
3. Simon Robert Hale
    
Independent Director
  



Promoters of Juniper Renewable 


The controlling shareholder of Juniper Renewable is AT Holdings Pte. Ltd. 

As on the date of this Red Herring Prospectus, two of our Individual Promoters, Arvind
Tiku and Niharika Tiku indirectly hold more than 15% of the shares of Juniper Renewable
and no other natural persons hold more than 15% of the shares of Juniper Renewable. 


Change in control of Juniper Renewable 


There has been no change in the control of Juniper Renewable during the last three
years preceding the date of this Red Herring Prospectus. 

Our Company confirms that the bank account number, corporate registration number along
with the address of the authority where Juniper Renewable is registered have been
submitted to the Stock Exchanges at the time of filing of the Draft Red Herring
Prospectus. 

2. AT Holdings Pte. Ltd. 


Corporate Information 


AT Holdings was incorporated on June 10, 2011, as a private limited company under the
laws of the Republic of Singapore with registration number 201113840C. Its registered
office is situated at 3 Church Street, #16-04/05, Samsung Hub, Singapore 049 483. 


Nature of Business 


As on the date of this Red Herring Prospectus, AT Holdings is an investment and holding
company. 

There has been no change in the business activities of AT Holdings from the date of its
incorporation. 


Shareholding Pattern of AT Holdings 


As on the date of this Red Herring Prospectus, the equity shares of AT Holdings are not
listed on any stock exchange. 

The shareholding pattern of AT Holdings, as on the date of this Red Herring Prospectus,
is as follows: 


  

    
Name of shareholder
    
Shareholding (%)
  
  

    
Sai Trust Management Pte. Ltd.
    
100.00
  
  

    
Total
    
100.00
  



Board of directors of AT Holdings 


The board of directors of AT Holdings, as on the date of this Red Herring Prospectus,
comprises the following: 


  

    
Sr. No. Name of director
    
Designation
  
  

    
1. Swaminathan Balaji Viswanathan
    
Independent Director
  
  

    
2. Hywel AP John Phillip
    
Non-Independent Director
  
  

    
4. Nico Albert Maria Derksen
    
Independent Director
  
  

    
5. Chua Tian Chu
    
Independent Director
  



Promoters of AT Holdings 


The controlling shareholder of AT Holdings is Sai Trust Management Pte. Ltd. 

As on date of this Red Herring Prospectus, two of our Individual Promoters, Arvind Tiku
and Niharika Tiku indirectly hold more than 15% of the shares of AT Holdings and no other
natural persons hold more than 15% of the shares of AT Holdings. 


Change in control of AT Holdings 


There has been no change in the control of AT Holdings during the last three years
preceding the date of this Red Herring Prospectus. 

Our Company confirms that the bank account number, corporate registration number along
with the address of the authority where AT Holdings is registered have been submitted to
the Stock Exchanges at the time of filing of the Draft Red Herring Prospectus. 




  

    
Individual Promoters
    
Arvind Tiku
  
  

    

    
Arvind Tiku, born on February 22, 1970, aged 56 years,
    is one of the Individual Promoters and is the Chairperson and Non-Executive Director of
    our Company. He is currently a resident of Singapore. For the complete profile of Arvind
    Tiku, along with the details of his residential address, educational qualifications,
    experience in the business/employment, positions/posts held in the past, other
    directorships, other ventures, special achievements, his business and financial
    activities, see "Our
  
  

    

    
Management" on page 451.
  
  

    

    
The permanent account number of Arvind Tiku is AONPT3527L.
  
  

    

    
Niharika Tiku
  
  

    

    
Niharika Tiku, born on February 10, 1970, aged 56 years, is one of the
    Individual Promoters of our Company. She currently resides at 7, Anthony Road, #19-27
    Orchard Scotts, Singapore 229 955. She holds a bachelor's degree in computer systems
    engineering and a master's of science degree in engineering from the Kazakh National
    Technical University.
  
  

    

    
The permanent account number of Niharika Tiku is COBPT7316H.
  
  

    

    
Hemant Tikoo
  
  

    

    
Hemant Tikoo, born on November 12, 1976, aged 49 years, is one of the
    Individual Promoters and a Non-Executive Director of our Company. He is currently a
    resident of Singapore. For the complete profile of Hemant Tikoo, along with the details of
    his residential address, educational qualification, experience in the business/employment,
    positions/posts held in the past, other directorships, other ventures, special
    achievements, his business and financial activities, see "Our Management"
    on page 451.
  
  

    

    
The permanent account number of Hemant Tikoo is ACDPT9343E.
  


Our Company confirms that the permanent account numbers, bank account numbers, Aadhar
card numbers, driving license numbers and passport numbers of our Individual Promoters
have been submitted to the Stock Exchanges at the time of filing of the Draft Red Herring
Prospectus. As on date of this Red Herring Prospectus, Hemant Tikoo does not possess a
driving license. 


Other ventures of our Promoters 


Other than as disclosed in the sections "Our Management Brief profiles of
our Directors" and "- Entities forming part of the Promoter Group
(excluding Subsidiaries)", on pages 453 and 479, respectively, our Promoters
are not involved in any other ventures. 


Change in the control of our Company 


There has been no change in the control of our Company in the last five years preceding
the date of this Red Herring Prospectus. 

Pursuant to a resolution passed by the Board of Directors dated June 23, 2025, Arvind
Tiku, Hemant Tikoo, Niharika Tiku, Juniper Renewable and AT Holdings have been identified
as our Promoters. Accordingly, as on the date of this Red Herring Prospectus, our Company
has five Promoters. 


Interest of our Promoters 


i. Our Promoters are interested in our Company to the extent (i) that they have
promoted our Company; and (ii) their respective shareholding (direct and indirect) in our
Company, and any dividends or any other distributions payable in respect thereof, as
applicable; and (iii) any directorships that they may hold in our Company and our
Subsidiaries, and to the extent of remuneration payable to them in this regard. For
details regarding the shareholding of our Promoters and other interests in our Company,
see "Capital Structure History of build-up of Promoters' shareholding in
our Company" and "Our Management 


Interest of Directors" on pages 154 and 456. 

ii. Our Promoters have no interest in any property acquired by our Company in the three
years preceding the date of this Red Herring Prospectus or any interest in any property
proposed to be acquired by our Company. 

iii. Our Individual Promoters, Arvind Tiku and Hemant Tikoo, who are Directors of our
Company, may be deemed to be interested to the extent of their respective service
considerations, benefits and reimbursement of expenses, payable to them. For further
details, see "Our Management - Interest of Directors" and "Other
Financial Information - Related party transactions" on pages 456 and 604,
respectively. 

iv. Our Promoters have no interest in any property acquired by our Company during the
three years preceding the date of this Red Herring Prospectus, or proposed to be acquired,
or in any transaction by our Company for acquisition of land, construction of building or
supply of machinery. 

v. Other than as disclosed in "Our Management - Interest of Directors"
and "History and Certain Corporate Matters - Details regarding material
acquisitions or divestments of business/undertakings, mergers, amalgamation, any
revaluation of assets, etc. in the last 10 years", on pages 456 and 403,
respectively, our Promoters do not have any interest in the contracts, agreements/
arrangements entered into or to be entered into by our Company with any company which is
promoted by them or in which they are a member. For further details, see "Other
Financial Information - Related party transactions" on page 604,
respectively. 

vi. No sums have been paid or agreed to be paid to our Promoters or to the firms or
companies in which our 

Promoters are interested as members in cash or shares or otherwise by any person,
either to induce them to become or to qualify them as directors or otherwise for services
rendered by such Promoters or by such firms or companies in connection with the promotion
or formation of our Company. 

vii. Our Individual Promoters, Arvind Tiku and Hemant Tikoo are also directors on the
boards, or members of certain entities forming part of the Promoter Group and may be
deemed to be interested to the extent of the payments made by our Company, if any, to such
entities forming part of the Promoter Group. 

viii. There are no conflicts of interest between the suppliers of raw materials and
third-party service providers, who are crucial for the operations of our Company, and our
Promoters and members of our Promoter Group. Further, there are no conflicts of interest
between the lessor of the immovable properties who are crucial for operations of our
Company and our Promoters and members of our Promoter Group. 


Payment or benefits to our Promoters or the members of our Promoter Group 


Except in the ordinary course of business and as disclosed in "Other
Financial Information - Related party transactions" on page 604,
respectively, no amount or benefits have been paid or given to our Promoters or the
members of the Promoter Group during the two years preceding the date of this Red Herring
Prospectus nor is there any intention to pay or give any amount or benefit to our
Promoters or the members of our Promoter Group. 


Material guarantees given by our Promoters to third parties with respect to Equity
Shares 


As on the date of this Red Herring Prospectus, our Promoters have not given any
material guarantees to any third party with respect to the Equity Shares. 


Companies or firms with which our Promoters have disassociated in the last three years 


Except as disclosed below, our Promoters have not disassociated themselves from any
company or firm in the three years immediately preceding the date of this Red Herring
Prospectus. 




  

    
Name of Promoter
    
Name of company or firm from which Promoters have disassociated
    
Nature of Association
    
Date of disassociation
    
Reasons and circumstances leading to disassociation
  
  

    
AT Holdings Pte. Ltd.
    
AT Holdings Europe BV Experion Hospitatlity (Tamil Nadu) Private Limited
    
Shareholder Shareholder
    
September 5, 2023 December 13, 2024
    
Sale of non-core business Sale of non-core business
  
  

    

    
Experion Supermarket Invest BV
    
Shareholder
    
December 31, 2024
    
Liquidated following sale of asset to third party
  
  

    

    
Experion under the Hill BV
    
Shareholder
    
February 19, 2025
    
Liquidated following sale of asset to third party
  
  

    

    
Parking under the Hill BV
    
Shareholder
    
December 1, 2023
    
Liquidated following sale of asset to third party
  
  

    

    
Parking under the Hill Beheer BV
    
Shareholder
    
December 31, 2023
    
Liquidated following sale of asset to third party
  
  

    

    
Hilltop Living BV
    
Shareholder
    
March 31, 2024
    
Liquidated following sale of asset to third party
  
  

    

    
Working on the Hill BV
    
Shareholder
    
March 31, 2024
    
Liquidated following sale of asset to third party
  
  

    

    
Hillside Entertainment BV
    
Shareholder
    
March 31, 2024
    
Liquidated following sale of asset to third party
  
  

    

    
Shopping on the Hill BV
    
Shareholder
    
March 31, 2024
    
Liquidated following sale of asset to third party
  
  

    

    
Mountain Redevelopment BV
    
Shareholder
    
March 31, 2024
    
Liquidated following sale of asset to third party
  
  

    

    
Middle of the Mountain BV Bajes Kwartier Ontwikkeling D C.V.
    
Shareholder Shareholder
    
March 31, 2024 December 31, 2024
    
Liquidated following sale of asset to third party Dormant company
  
  

    

    
Kwazul Investments Pte. Ltd.
    
Shareholder
    
June 4, 2025
    
Dissolution of the company
  
  

    

    
Tigris Investments Pte. Ltd.
    
Shareholder
    
June 4, 2025
    
Dissolution of the company
  
  

    

    
Experion Hospitality (Maharashtra) Private Limited
    
Shareholder
    
November 18, 2025
    
Sale of non-core business
  
  

    

    
Dalian Star Land Property Co., Ltd.
    
Shareholder
    
February 4, 2026
    
Sale of non-core business
  
  

    

    
Dalian Star Bright Property Co., Ltd.
    
Shareholder
    
February 4, 2026
    
Sale of non-core business
  
  

    

    
Dalian Star Shine Property Co., Ltd.
    
Shareholder
    
February 4, 2026
    
Sale of non-core business
  
  

    

    
GC Cayman Holding 1A Corp
    
Shareholder
    
February 4, 2026
    
Sale of non-core business
  
  

    

    
GCPF HongKong
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Holding 1 Limited
    

    

    
business
  
  

    

    
Breda Office Invest
    
Shareholder
    
March 31, 2026
    
Sale of non-core
  
  

    

    
Cooperative U A
    

    

    
business
  
  

    

    
ATSC Cayman Holdco Limited
    
Shareholder
    
February 5, 2026
    
Company moved under Jonquil Group Ltd.
  
  

    

    
Experion Developers Private Limited Singapore Branch
    
Shareholder
    
May 26, 2026
    
Liquidation of company
  
  

    

    
Feteasca SPZOO
    
Shareholder
    
May 26, 2026
    
Liquidation of company
  
  

    

    
Orbit Investments Ltd
    
Shareholder
    
May 15, 2026
    
Dissolution of the company
  
  

    
Arvind Tiku
    
Sun Drilling Pte. Ltd.
    
Shareholder
    
August 15, 2023
    
Sale of non-core business
  
  

    

    
Sai Trust Holdings Limited
    
Director and Member
    
October 5, 2024
    
Dissolution of the company
  
  

    

    
AT Holdings Europe BV
    
Shareholder
    
September 5, 2023
    
Sale of non-core business
  
  

    

    
Experion Hospitality (Tamil Nadu) Private Limited
    
Shareholder
    
December 13, 2024
    
Sale of non-core business
  
  

    

    
Experion Supermarket Invest BV
    
Shareholder
    
December 31, 2024
    
Sale of non-core business
  
  

    

    
Experion under the Hill BV
    
Shareholder
    
February 19, 2025
    
Sale of non-core business
  
  

    

    
Parking under the Hill BV
    
Shareholder
    
December 1, 2023
    
Sale of non-core business
  
  

    

    
Parking under the Hill Beheer BV
    
Shareholder
    
December 31, 2023
    
Sale of non-core business
  
  

    

    
Hilltop Living BV
    
Shareholder
    
March 31, 2024
    
Sale of non-core business
  
  

    

    
Working on the Hill BV
    
Shareholder
    
March 31, 2024
    
Sale of non-core business
  
  

    

    
Hillside Entertainment BV
    
Shareholder
    
March 31, 2024
    
Sale of non-core business
  
  

    

    
Shopping on the Hill BV
    
Shareholder
    
March 31, 2024
    
Sale of non-core business
  
  

    

    
Mountain Redevelopment BV
    
Shareholder
    
March 31, 2024
    
Sale of non-core business
  
  

    

    
Middle of the Mountain BV
    
Shareholder
    
March 31, 2024
    
Sale of non-core business
  
  

    

    
Kwazul Investments Pte. Ltd.
    
Shareholder
    
June 4, 2025
    
Dissolution of the company
  
  

    

    
Bajes Kwartier Ontwikkeling D C.V.
    
Shareholder
    
December 31, 2024
    
Dormant Company
  
  

    

    
Experion Hospitality (Maharashtra) Private Limited
    
Shareholder
    
November 18, 2025
    
Sale of non-core business
  
  

    

    
Dalian Star Land
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Property Co., Ltd.
    

    

    
business
  
  

    

    
Dalian Star Bright
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Property Co., Ltd.
    

    

    
business
  
  

    

    
Dalian Star Shine
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Property Co., Ltd.
    

    

    
business
  
  

    

    
GC Cayman Holding
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
1A Corp
    

    

    
business
  
  

    

    
GCPF HongKong
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Holding 1 Limited
    

    

    
business
  
  

    

    
Breda Office Invest
    
Shareholder
    
March 31, 2026
    
Sale of non-core
  
  

    

    
Cooperative U A
    

    

    
business
  
  

    

    
ATSC Cayman Holdco Limited
    
Shareholder
    
July 15, 2026
    
Company liquidated as no business operations
  
  

    

    
Orbit Investments Ltd
    
Shareholder
    
May 15, 2026
    
Dissolution of the company
  
  

    

    
Tigris Investments
    
Shareholder
    
June 4, 2025
    
Dissolution of the
  
  

    

    
Pte. Ltd.
    

    

    
company
  
  

    

    
Experion Developers
    
Shareholder
    
May 26, 2026
    
Liquidation of
  
  

    

    
Private Limited
    

    

    
company
  
  

    

    
Singapore Branch
    

    

    

  
  

    

    
Feteasca SPZOO
    
Shareholder
    
May 26, 2026
    
Liquidation of
  
  

    

    

    

    

    
company
  
  

    
Hemant Tikoo
    
Sai Trust Holdings
    
Director
    
October 5, 2024
    
Dissolution of the
  
  

    

    
Limited
    

    

    
company
  
  

    

    
Land Mark Dwellers
    
Shareholder
    
June 30, 2025
    
Company moved
  
  

    

    
Private Limited
    

    

    
under Experion group
  
  

    

    
Landmark Infracon
    

    

    
Company moved
  
  

    

    
Private Limited
    
Shareholder
    
June 30, 2025
    
under Experion group
  
  

    

    
Experion Consultancy
    

    

    
Sale of non-core
  
  

    

    
LLP
    
Partner
    
May 10, 2023
    
business
  
  

    

    
Shirdi Sai Worship Centre Ltd.
    
Director
    
August 17, 2023
    
Restructuring of board of directors
  
  

    
Niharika Tiku
    
Sai Trust Holdings Limited
    
Member
    
November 3, 2023
    
Liquidation of the company
  
  

    

    
AT Holdings Europe BV
    
Shareholder
    
September 5, 2023
    
Sale of non-core business
  
  

    

    
Experion Hospitality (Tamil Nadu) Private Limited
    
Shareholder
    
December 13, 2024
    
Sale of non-core business
  
  

    

    
Experion Supermarket Invest BV
    
Shareholder
    
December 31, 2024
    
Sale of non-core business
  
  

    

    
Experion under the Hill BV
    
Shareholder
    
February 19, 2025
    
Sale of non-core business
  
  

    

    
Parking under the Hill
    
Shareholder
    
December 1, 2023
    
Sale of non-core
  
  

    

    
BV
    

    

    
business
  
  

    

    
Parking under the Hill
    
Shareholder
    
December 31, 2023
    
Sale of non-core
  
  

    

    
Beheer BV
    

    

    
business
  
  

    

    
Hilltop Living BV
    
Shareholder
    
March 31, 2024
    
Sale of non-core
  
  

    

    

    

    

    
business
  
  

    

    
Working on the Hill
    
Shareholder
    
March 31, 2024
    
Sale of non-core
  
  

    

    
BV
    

    

    
business
  
  

    

    
Hillside
    
Shareholder
    
March 31, 2024
    
Sale of non-core
  
  

    

    
Entertainment BV
    

    

    
business
  
  

    

    
Shopping on the Hill
    
Shareholder
    
March 31, 2024
    
Sale of non-core
  
  

    

    
BV
    

    

    
business
  
  

    

    
Mountain
    
Shareholder
    
March 31, 2024
    
Sale of non-core
  
  

    

    
Redevelopment BV
    

    

    
business
  
  

    

    
Middle of the
    
Shareholder
    
March 31, 2024
    
Sale of non-core
  
  

    

    
Mountain BV
    

    

    
business
  
  

    

    
Kwazul Investments
    
Shareholder
    
June 4, 2025
    
Dissolution of the
  
  

    

    
Pte. Ltd.
    

    

    
company
  
  

    

    
Experion Developers
    
Shareholder
    
May 26, 2026
    
Liquidation of
  
  

    

    
Private Limited
    

    

    
company
  
  

    

    
Singapore Branch
    

    

    

  
  

    

    
Bajes Kwartier
    
Shareholder
    
December 31, 2024
    
Dormant Company
  
  

    

    
Ontwikkeling D C.V.
    

    

    

  
  

    

    
Experion Hospitality (Maharashtra) Private Limited
    
Shareholder
    
November 18, 2025
    
Sale of non-core business
  
  

    

    
Dalian Star Land
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Property Co., Ltd.
    

    

    
business
  
  

    

    
Dalian Star Bright
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Property Co., Ltd.
    

    

    
business
  
  

    

    
Dalian Star Shine
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Property Co., Ltd.
    

    

    
business
  
  

    

    
GC Cayman Holding
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
1A Corp
    

    

    
business
  
  

    

    
GCPF HongKong
    
Shareholder
    
February 4, 2026
    
Sale of non-core
  
  

    

    
Holding 1 Limited
    

    

    
business
  
  

    

    
Breda Office Invest
    
Shareholder
    
March 31, 2026
    
Sale of non-core
  
  

    

    
Cooperative U A
    

    

    
business
  
  

    

    
ATSC Cayman
    
Shareholder
    
February 5, 2026
    
Company moved
  
  

    

    
Holdco Limited
    

    

    
under Jonquil
  
  

    

    
Orbit Investments Ltd
    
Shareholder
    
May 15, 2026
    
Company liquidated as no business operations
  
  

    

    
Feteasca SPZOO
    
Shareholder
    
May 26, 2026
    
Company liquidated as no business operations
  
  

    

    
Tigris Investments Pte. Ltd.
    
Shareholder
    
June 4, 2025
    
Dissolution of the company
  



Common Pursuits 


Our Promoters do not have any interest in any other firms or ventures that are involved
in activities in the same line of business as our Company. 


Promoter Group 


Natural persons forming part of the Promoter Group 



  

    
Name of Promoter
    
Name of relative
    
Relationship
  
  

    

    
Lalita Tikoo
    
Mother
  
  

    

    
Chaman Lal Tikoo
    
Father
  
  

    

    
Niharika Tiku
    
Wife
  
  

    

    
Shivam Tiku
    
Son
  
  

    

    
Ayush Tiku
    
Son
  
  

    
Arvind Tiku
    
Hemant Tikoo
    
Brother
  
  

    

    
Vaneeta Kaul
    
Sister
  
  

    

    
Chandra Misra
    
Spouse's mother
  
  

    

    
Tribhuvan Nath Misra
    
Spouse's father
  
  

    

    
Mayank Misra
    
Spouse's brother
  
  

    

    
Sarika Khurana
    
Spouse's sister
  
  

    

    
Chandra Misra
    
Mother
  
  

    

    
Tribhuvan Nath Misra
    
Father
  
  

    

    
Arvind Tiku
    
Husband
  
  

    

    
Shivam Tiku
    
Son
  
  

    

    
Ayush Tiku
    
Son
  
  

    
Niharika Tiku
    
Mayank Misra
    
Brother
  
  

    

    
Sarika Khurana
    
Sister
  
  

    

    
Lalita Tikoo
    
Spouse's mother
  
  

    

    
Chaman Lal Tikoo
    
Spouse's father
  
  

    

    
Hemant Tikoo
    
Spouse's brother
  
  

    

    
Vaneeta Kaul
    
Spouse's sister
  
  

    

    
Lalita Tikoo
    
Mother
  
  

    

    
Chaman Lal Tikoo
    
Father
  
  

    
Hemant Tikoo
    
Vani Tikoo
    
Spouse
  
  

    

    
Akshara Tikoo
    
Daughter
  
  

    

    
Arvind Tiku
    
Brother