Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that Insolation Green ....
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Insolation Energy Ltd announced that its wholly owned subsidiary, Insolation Green Energy Private Limited, has incorporated four new wholly-owned step-down subsidiaries on 11th September 2025. The four SPVs are GRJP Green Infra, HVJN Green Infra, MPGE Green Infra, and SRJG Green Infra Private Limited, each set up in Rajasthan. Each SPV has an authorized and subscribed share capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each), with 100% equity held by Insolation Green Energy Pvt Ltd. The SPVs are being set up as special purpose vehicles for developing solar power plants, including rooftop solar projects and renewable energy operations & maintenance. The entities have not yet commenced business operations and no regulatory approvals are required.
This is a strategic expansion move in the company's core solar energy business. Setting up dedicated SPVs is a standard practice for project-finance driven solar power developers and signals the company is likely gearing up to bid for or execute new solar projects. Minimal immediate financial impact as capital infusion is small (Rs. 1 lakh each), but positive for long-term growth visibility in the renewable energy segment.