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 has incorporated a new step-down subsidiary, NRJG Green Infra Private Limited, on 16th September 2025. NRJG Green Infra is a wholly owned subsidiary of Insolation Green Energy Pvt Ltd, which itself is a wholly owned subsidiary of Insolation Energy, making it a step-down subsidiary. The SPV was set up specifically to set up solar power plants, including rooftop solar projects. It has been incorporated with an authorised share capital of Rs 1,00,000 (10,000 equity shares of Rs 10 each), fully subscribed by Insolation Green Energy Pvt Ltd. The entity is newly incorporated, has not commenced operations, and there is no turnover to report.
This is a routine corporate action supporting Insolation Energy's core solar power business by creating a dedicated SPV for upcoming solar projects. For shareholders, it signals continued expansion of the company's solar project pipeline and is a positive operational development, though the financial impact is negligible given the small initial capital.