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 Ltd informed the stock exchange that its wholly-owned subsidiary, Insolation Green Energy Private Limited, has incorporated 3 new wholly-owned step-down subsidiaries on 9 September 2025: MGPG Green Infra One Private Limited, MGVJ Green Infra One Private Limited, and MPNG Green Infra Private Limited. Each SPV has an authorized share capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each), with 100% equity to be held by Insolation Green Energy, and all three are registered in Rajasthan. The SPVs have been set up as special purpose vehicles to develop, construct, operate, and maintain solar power plants and rooftop solar projects. The companies are yet to commence business operations, and no government or regulatory approvals are required for this incorporation.
This signals Insolation Energy's expansion in the solar and renewable energy space through dedicated project-level entities. While the initial capital outlay is minimal, it lays the groundwork for future solar project execution and could lead to larger capital deployment by these SPVs as projects progress.