Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that Insolation Green Energy Private Limited, a wholly owned ....
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Insolation Energy Ltd has informed the exchange that its wholly owned subsidiary, Insolation Green Energy Private Limited, has incorporated a new step-down subsidiary called VJPG Green Infra Private Limited on 20th September 2025. The new entity (CIN: U43222RJ2025PTC106718) is set up as a Special Purpose Vehicle (SPV) to develop, build, operate and maintain solar power plants and rooftop solar projects in India. It has an authorised share capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each), all subscribed by the wholly owned subsidiary for a cash consideration of Rs. 1 lakh. The company has not yet commenced operations and no turnover history exists. This is a routine greenfield subsidiary creation within the solar/renewable energy vertical.
This is a small, internal structuring move with negligible financial impact — the new SPV starts with just Rs. 1 lakh in capital. However, it signals the company's continued expansion plans in the solar power segment, which could be positive for long-term growth if the SPV secures solar project orders in the future.