PNC Infratech Limited has informed the Exchange about Incorporation of a Wholly Owned Subsidiary under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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PNC Infratech has incorporated a new wholly owned subsidiary called 'PNC RE1 Private Limited' on December 31, 2025, as a Special Purpose Vehicle (SPV). This SPV has been set up to execute the Solar Energy Project for which PNC was earlier declared the L-1 bidder by NHPC Limited (a government PSU) in July 2025. The new entity has an authorized and paid-up capital of Rs. 15 lakh (1.5 lakh equity shares of Rs. 10 each), with 100% shareholding held by PNC Infratech along with its existing wholly owned subsidiary PNC Renewable Energy Private Limited. The company falls in the renewable energy sector and is yet to commence business operations, so there is no immediate financial impact.
This is a routine corporate step (SPV formation) to execute an already-won solar project from NHPC. No immediate impact on financials or stock price, but it progresses the company's diversification into renewable energy.