Incorporation of Subsidiary of the Company
INA · price
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Insolation Energy Ltd has incorporated a new subsidiary called MGVI Green Infra Four Private Limited on 23rd July 2025, with the Certificate of Incorporation issued by the MCA. Insolation Energy will hold 60% of the new entity, while promoters Mr. Vikas Jain and Mr. Manish Gupta will each hold 20%, making this a related party transaction. The subsidiary has an authorised share capital of Rs. 1,00,000 and will operate in the solar industry, focusing on solar power plant development, rooftop solar projects, and renewable energy consultancy. This follows an earlier intimation dated 14th February 2025 about the planned incorporation.
This expands Insolation Energy's solar and renewable energy footprint through a new subsidiary, which is a core business extension rather than diversification. For shareholders, this signals continued investment in the solar segment, though the small initial capital suggests the subsidiary's contribution to financials will be limited in the near term.