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 exchanges that its wholly owned subsidiary, Insolation Green Energy Private Limited, has incorporated a new step-down subsidiary called MGNJ Green Infra Private Limited on October 8, 2025. The new entity is set up as a Special Purpose Vehicle (SPV) to develop solar power plants, including rooftop solar (RTS) photovoltaic projects, and provide operation and maintenance services for renewable energy plants. It has been incorporated with an authorised share capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each), with 100% subscription by Insolation Green Energy. The SPV is yet to commence business operations and falls within the related party framework, though Insolation Energy is not a direct party to the initial subscription.
This is a routine corporate structuring step to create a dedicated vehicle for solar power projects, signalling the company's intent to expand its renewable energy footprint. The immediate financial impact is negligible given the small initial capital, but investors should watch for future project wins and order flows from MGNJ Green Infra that could materially affect the parent company's revenue.