We do hereby inform that, the Ministry of Corporate Affairs has approved the incorporation of the Company in the name of "BLT Renewable Energy Private Limited" on 23rd February, 2026. The ....
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BLT Logistics informed BSE that the Ministry of Corporate Affairs approved the incorporation of a new company called BLT Renewable Energy Private Limited on 23rd February 2026. BLT Logistics has subscribed to 15% of the paid-up equity (1,500 shares of Rs. 10 each, total Rs. 15,000) in this new entity. The new company will operate in the renewable energy sector, focusing on Compressed Bio-Gas (CBG)/Bio-CNG plants, biogas, biomass, and other green energy projects. The transaction is classified as a related party deal since the promoter/promoter group has interest in both entities. The move is described as a diversification step beyond the company's core logistics business.
This is a small-ticket diversification move into the renewable energy sector, so the immediate financial impact on shareholders is minimal. However, it signals the company's intent to expand into green energy, which could be a long-term growth vector worth tracking.