Pursuant to Regulation 30 of the SEBI (Listing Obligation 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 announced that its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, has incorporated a new step-down subsidiary called PRGE Green Infra Private Limited on October 22, 2025. PRGE Green Infra has been set up as a Special Purpose Vehicle (SPV) specifically to set up solar power plants, including rooftop solar (RTS) photovoltaic projects and other renewable energy work. The new entity has an authorized and subscribed share capital of Rs. 1 lakh, divided into 10,000 equity shares of Rs. 10 each, with 100% equity held by Insolation Green Energy. The company is registered in Rajasthan and belongs to the solar industry; it has no turnover yet as operations have just commenced.
This signals Insolation Energy's deeper expansion into the solar energy business through a clean, dedicated subsidiary structure. For shareholders, it reflects management's focus on growing the renewable energy vertical, though the initial capital outlay is very small and the near-term impact on the stock is likely neutral.