Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 (the Listing Regulations) : Proposed Incorporation of Wholly Owned Subsidiary Company in Emirate of Dubai, United Arab Emirates
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CLN Energy Ltd's board, at its meeting on January 28, 2026, approved setting up of a wholly owned subsidiary to be named 'CLN Energy LLC' in the Emirate of Dubai, UAE. The new entity will operate in the clean and renewable energy sector, focusing on trading, marketing, distribution, import and export of clean energy products and technologies for stationary energy applications. The proposed investment is around Rs. 25 lakhs, and CLN Energy will hold 100% stake. No related party transaction, government approvals, or existing turnover history is involved as this is a fresh incorporation.
This is a small, early-stage international expansion move (modest Rs. 25 lakh investment) into Dubai to access clean energy markets outside India. Minimal immediate impact on shareholders, but signals the company's intent to grow its overseas footprint in renewable energy.