Incorporation of Step Down Subsidiary in the Name "Choice Green Energy Solutions Private Limited".
CHOICEIN · price
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Choice International Limited has incorporated a new step-down subsidiary called 'Choice Green Energy Solutions Private Limited' through its wholly owned subsidiary, Choice Consultancy Services Private Limited. The new entity was incorporated on June 25, 2025, with an initial capital of Rs. 10 lakh (1,00,000 equity shares of Rs. 10 each), fully owned indirectly by Choice International. The new subsidiary will operate in the renewable energy space, focusing on developing solar projects, generating and selling power, and building non-conventional energy infrastructure. It will also engage in leasing and licensing of solar power systems. The company is registered in Mumbai with CIN U35100MH2025PTC451151.
This move signals Choice International's entry into the solar and renewable energy business as a diversification step. The initial capital outlay is very small (Rs. 10 lakh), so there is no immediate material financial impact on the listed entity. Shareholders should treat this as an early-stage strategic expansion, with the real significance depending on future capital deployment and project execution in the green energy vertical.