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Insolation Energy forms two new subsidiaries for solar expansion

October 14, 2025 at 03:09 PM UTCBy FilingReader AI

Insolation Energy Limited, through its wholly-owned subsidiary Insolation Green Energy Private Limited, has incorporated two new step-down subsidiaries: DJEM Green Infra Private Limited and NRGE Green Infra Private Limited. Both entities were formed on October 14, 2025, to operate as Special Purpose Vehicles (SPVs) for establishing solar power plants.

Each new SPV has an authorized share capital of INR 100,000, divided into 10,000 equity shares of INR 10 each. Insolation Green Energy Private Limited has subscribed to 100% of the equity shares in both companies, with an initial subscription amount of INR 100,000 for each.

The new SPVs will focus on solar power plant development, including erection, installation, construction, operation, maintenance, and consultancy for renewable energy projects, alongside comprehensive operation and maintenance (O&M) of Rooftop Solar (RTS) photovoltaic power projects. The companies are currently not applicable for turnover as they are yet to commence business operations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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