Surana Telecom and Power Limited has informed the Exchange about Incorporation of Wholly Owned Subsidiary
SURANAT&P · price
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Surana Telecom and Power Limited has incorporated a wholly owned subsidiary named 'Bhagyanagar Solar Private Limited' on 8 January 2026. The new subsidiary will operate in the solar and renewable energy business, including generation, transmission, distribution, and execution of solar projects. The authorized capital of the new entity is Rs. 1 Lakh, and the investment is entirely through cash subscription for 100% shareholding. The subsidiary is yet to commence business operations, so turnover is nil. No governmental or regulatory approvals were required for this incorporation.
This move signals the company's expansion into the solar/renewable energy sector, diversifying beyond its existing telecom and power businesses. For shareholders, this is a strategic step that could create new growth avenues, though near-term financial impact is negligible given the small initial capital outlay.