Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform that Insolation Green ....
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Insolation Energy Ltd's wholly-owned subsidiary Insolation Green Energy Private Limited has incorporated a new step-down subsidiary called MVS Green Infra Private Limited on 11th August 2025. The new entity will operate in the solar industry, focusing on solar power plant development, rooftop solar photovoltaic projects, and renewable energy consultancy. It has an authorized share capital of Rs. 1 lakh divided into 10,000 equity shares of Rs. 10 each, with Insolation Green Energy subscribing to 60% of the equity and two individuals, Mrs. Payal Gupta and Mrs. Ekta Jain, each subscribing to 20%. The newly formed company is yet to commence business operations and has no turnover history.
This is a routine corporate action to expand the company's solar energy footprint through a new subsidiary. The financial impact is minimal given the very small capital base, but it signals continued investment in the rooftop solar and renewable energy segment.