Incorporation Of Step Down Subsidiary In The Name "Choice Green Energy MH-2 Private Limited".
CHOICEIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Choice International Limited has incorporated a new step-down subsidiary named 'Choice Green Energy MH-2 Private Limited' through its wholly owned subsidiary, Choice Consultancy Services Private Limited. The new company, incorporated on May 15, 2025, will focus on developing solar projects, generating and supplying power, and building renewable energy facilities. The company subscribed to 1 lakh equity shares of Rs. 10 each (totalling Rs. 10 lakh) for 100% shareholding. The entity is registered in Mumbai and received its incorporation certificate on May 16, 2025.
This move signals Choice International's expansion into the green energy and solar power sector through a new wholly owned subsidiary. While the initial investment is small (Rs. 10 lakh), it reflects a strategic diversification into renewable energy, which could be positive for long-term growth but is too early to materially impact the stock.