Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform the Insolation Green Energy Private Limited a wholly owned ....
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Insolation Energy Ltd's wholly owned subsidiary, Insolation Green Energy Pvt Ltd, has incorporated a new step-down subsidiary called HVGM Green Infra Pvt Ltd on 15th October 2025. HVGM Green Infra will act as a Special Purpose Vehicle (SPV) to set up solar power plants, including rooftop solar PV projects and other renewable energy installations. The new entity has an authorised share capital of Rs 1 lakh, divided into 10,000 equity shares of Rs 10 each, with 100% subscribed by Insolation Green Energy. The company has not yet commenced business operations and no turnover figures are applicable.
This is a routine corporate restructuring step with negligible capital outlay (Rs 1 lakh), aimed at creating a dedicated vehicle for future solar projects. For shareholders, it signals the company's intent to expand in the solar energy space through a structured SPV route, but no immediate material financial impact is expected from this incorporation alone.