Pursuant to Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that Insolation Green Energy Private Limited a wholly ....
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Insolation Energy's wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, incorporated three new special purpose vehicles (SPVs) on September 9, 2025, in Rajasthan. The three SPVs are named PED Green Infra One Pvt Ltd, JRD Green Infra One Pvt Ltd, and MVS Green Infra One Pvt Ltd. Each SPV has an authorized share capital of Rs 1 lakh, with 100% equity subscribed by the subsidiary. These SPVs will be used for setting up solar power plants, including rooftop solar photovoltaic projects, covering development, construction, and operations & maintenance. The SPVs were just incorporated and have not yet commenced business operations, so no turnover or financial impact is available yet.
This signals the company's expansion plans in the solar energy space through dedicated project vehicles, which could support future revenue growth once the solar plants become operational. However, there is no immediate financial impact as the SPVs are newly formed and not yet active.