Further to our intimation dated 14th February, 2025, and pursuant to regulation 30 read with Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, ....
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Insolation Energy Limited has incorporated a new subsidiary called MGVI Green Infra Five Private Limited, with the Certificate of Incorporation issued on 10th August 2025. The subsidiary will operate in the solar industry, focusing on solar power plant development, rooftop solar photovoltaic projects, and renewable energy consultancy. Insolation Energy holds a 60% stake, while promoters Mr. Manish Gupta and Mr. Vikas Jain each hold 20%, making this a related party transaction. The total subscription amount is Rs. 1 Lakh (cash consideration), split among the three shareholders. The subsidiary is newly incorporated and has no prior turnover history.
This expansion strengthens Insolation Energy's presence in the solar and rooftop solar segment by adding a new operating vehicle. Since promoters are co-investing, it aligns promoter interests with the subsidiary's growth, though the small initial capital means near-term financial impact on the parent will be minimal.