We wish to inform you that the Board of Directors of the Company at their meeting held on September 26, 2025, has inter alia, approved the proposal to incorporate a Wholly Owned Subsidiary ....
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Indsil Hydro Power and Manganese Ltd's board, at its meeting on September 26, 2025, approved the incorporation of a new Wholly Owned Subsidiary to be named 'Indsil Infrastructure Limited' (subject to MCA name approval). The new subsidiary will have an initial paid-up capital of Rs. 1 lakh, comprising 10,000 equity shares of Rs. 10 each, fully held by Indsil. The subsidiary will operate in real estate and infrastructure development for commercial and business purposes, marking a diversification move from the company's existing hydro power and manganese operations. The incorporation is subject to Registrar of Companies approval.
This is a small-scale diversification step with negligible capital outlay (Rs. 1 lakh), so near-term financial impact is minimal. Shareholders should watch for further updates as the subsidiary's actual business plans unfold, which could shape long-term growth.