Pursuant to Regulation 30 of SEBI Listing Regulations, we wish to inform you that Solarium Ventures LLP, incorporated on August 18, 2023, became a Subsidiary of Solarium Green Energy Limited ....
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Solarium Green Energy Limited has informed BSE that Solarium Ventures LLP, originally incorporated on August 18, 2023, became its subsidiary on August 10, 2024. The Ministry of Corporate Affairs has now approved the conversion of this LLP into a private limited company named Solarium Ventures Private Limited, effective August 3, 2025, making it a 100% wholly owned subsidiary. The subsidiary will operate in solar panel and solar cell manufacturing, ancillary products, and IT/digital technology services. Solarium Green Energy holds all 10,000 equity shares (9,999 directly and 1 through a nominee) at a total subscription value of Rs. 1,00,000. The newly converted entity is yet to start operations and currently has nil turnover, and the transaction qualifies as a related party transaction since it is wholly owned.
This is a minor corporate restructuring with no cash outflow at current scale — the subsidiary is newly incorporated, has no revenue yet, and is funded only by a Rs. 1 lakh initial subscription. For shareholders, this signals business expansion plans into solar panel manufacturing and IT services, but with no immediate financial impact given the small size and pre-operational status.