We wish to inform you that the Board of Directors at their meeting held on September 26, 2025, has, inter alia, approved the proposal to incorporate a Wholly Owned Subsidiary Company to ....
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The Board of Directors of Indsil Hydro Power and Manganese Ltd, at its meeting on September 26, 2025, approved the incorporation of a Wholly Owned Subsidiary (WOS) to be named 'Indsil Infrastructure Limited' (subject to MCA approval). The WOS will have an initial paid-up capital of Rs. 1,00,000, with Indsil subscribing to 10,000 equity shares of Rs. 10 each, giving it 100% holding. The new subsidiary will operate in real estate and infrastructure development for commercial and business purposes — a diversification away from the company's existing hydro power and manganese business. The incorporation requires approval from the Registrar of Companies, and no related party interest from promoters or group companies is involved.
This is a small-scale diversification move (just Rs. 1 lakh initial capital) into a new business vertical, so it is unlikely to move the stock meaningfully on its own. Investors should watch for further updates on actual capital deployment and business plans of the new subsidiary.