WindForce PLC to restructure ownership

WindForce PLC is moving the shareholdings of three power units from its subsidiary, Renewgen (Pvt.) Ltd, directly to the parent company following a strategic board decision on April 10.

The Colombo Stock Exchange filing indicates that WindForce will acquire 38.2 million shares in HPD Power (Pvt.) Ltd, 40.6 million shares in Melanka Power (Pvt.) Ltd, and 23.0 million shares in Peak Power Delta (Pvt.) Ltd. Each share transfer is valued at Rs. 10.

This internal realignment consolidates the group's structure by placing these assets directly under the listed entity rather than through its wholly-owned subsidiary. The company plans to provide additional updates once the necessary corporate and regulatory procedures are finalised.