Announced Fri, 17 Jul · 19:03 IST
MITCON incorporates step-down subsidiary for power trading
Business Updates View source PDF
MITCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.3%1-day move
₹72.15
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.3+1.9+5.2-0.2+3.9—————
Up moveDown movePending
AI summary
MITCON Consultancy's wholly owned subsidiary MITCON Sun Power has set up a new step-down subsidiary called MITCON Power Trading Limited on June 19, 2026 to expand in the power trading business. The new entity has a paid-up capital of Rs 1 lakh (10,000 shares at Rs 10 par) and authorized capital of Rs 2 crore. No turnover yet since it is newly incorporated. It is a related party transaction done at par value in cash.
Likely market impact
Signals MITCON's expansion intent in power trading via a new subsidiary, though no immediate revenue impact since the entity is freshly set up.