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 ....
INA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Insolation Energy has informed the exchanges that its wholly-owned subsidiary, Insolation Green Energy Private Limited, has incorporated a new step-down subsidiary called MGVJ Green Infra Private Limited on 10th August 2025. The new entity will operate in the solar industry, focusing on solar power plant development, rooftop solar projects, and renewable energy consultancy. MGVJ Green Infra has an authorized share capital of just Rs. 1 lakh (10,000 equity shares of Rs. 10 each), with 60% subscribed by Insolation Green Energy and 20% each by two individuals, Payal Gupta and Ekta Jain. The company has not yet commenced business operations and no turnover history exists since it is newly incorporated.
This is a small, routine subsidiary incorporation with negligible capital outlay (Rs. 1 lakh) and is unlikely to materially impact the stock price. It signals continued expansion into the solar/renewable energy segment, but investors should note the entity is in a nascent stage with no operational track record yet.