The Board of Directors at their meeting held on today i.e. January 20, 2026 inter alia: 1) Considered and approved the incorporation of a Wholly-Owned Subsidiary ('WOS') of the Company 2) ....
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Royal India Corporation's board, at its meeting on January 20, 2026, approved the incorporation of a wholly-owned subsidiary named Simunergy Terranova Private Limited (STPL), pending MCA name approval. The new subsidiary will focus on education, training, consulting, and R&D in the nuclear, thermal, renewable energy, and utilities sectors. STPL will be set up with an authorized and paid-up capital of ₹5 lakh (50,000 equity shares of ₹10 each), with the company subscribing to all 50,000 shares at face value. Two of the parent company's directors — Mr. Nitin Gujral and Mr. Ikerath Joseph Sam — will also serve on the board of the new subsidiary. Promoters and group companies will not hold any equity in STPL, and the subscription is being done at arm's length.
This move marks a diversification into the energy consulting and training space for Royal India Corporation. While the capital outlay is small (₹5 lakh), it signals the company's intent to build a presence in India's nuclear, thermal, and renewable energy sectors, which could be a positive long-term growth signal for shareholders. Near-term stock impact is likely limited given the modest size of the new entity.