Incorporation of Wholly Owned Subsidiary Company.
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Source Natural Foods and Herbal Supplements Ltd has incorporated a wholly owned subsidiary named 'Source Natural Solar Private Limited' on February 6, 2026. The new subsidiary has an authorized capital of Rs. 10 lakh and paid-up capital of Rs. 1 lakh, with the parent company holding 100% equity. The subsidiary will focus on developing, owning, operating, and maintaining grid-connected solar PV power projects, marking a diversification into renewable energy from the company's core herbal supplements business. The entity is yet to commence operations and the investment is through cash consideration.
This represents a strategic diversification into the solar power sector, which could open a new revenue stream for shareholders. While the initial capital outlay is very small (Rs. 1 lakh), investors should watch for future funding commitments as the solar business scales up.