Incorporation of wholly owned subsidiary

ACMESOLAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹295.00

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AI summary

ACME Solar Holdings Limited has incorporated a new wholly owned subsidiary named 'ACME Greentech Twenty One Private Limited'. The WOS was incorporated on May 11, 2026, and is based in Gurugram, Haryana. The subsidiary will operate in the power generation and renewable energy sector, focusing on development, establishment, and operation of renewable energy projects. The parent company subscribed to 10,000 equity shares at Rs.10 each for a total consideration of Rs.1,00,000 in cash, maintaining 100% ownership.

Likely market impact

This is a routine administrative filing and does not have any immediate impact on shareholders or stock price. It represents the company's planned expansion into renewable energy projects through a dedicated subsidiary structure.