Crescent Power Limited, a subsidiary of CESC Limited, has incorporated a wholly owned subsidiary named Novarion Power Private Limited (NPPL) on June 30, 2026. The new entity will focus on exploring opportunities within the renewable power sector, aligning with the group's strategic interests in green energy. The subscribed and paid-up capital of NPPL is ₹1,00,000.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CESC Limited holds a 67.83% stake in Crescent Power Limited. As a newly incorporated company, NPPL reported no turnover figures, and no specific governmental or regulatory approvals were required beyond the standard incorporation process.

Key Details of Novarion Power Private Limited

Lebnitze Real Estates Private Limited has disclosed its shareholding details in CESC Limited for the financial year ended March 31, 2026, confirming that no shares were encumbered during this period. The declaration was submitted to the BSE Limited and the National Stock Exchange of India in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shareholder stated that it held 23,330 shares of CESC Limited as of March 31, 2026. Furthermore, Lebnitze Real Estates Private Limited confirmed that it did not create any encumbrance on these shares, either directly or indirectly, throughout FY26.

Disclosure Details

The communication was addressed to the Listing Departments of both BSE Limited and the National Stock Exchange of India, as well as the Audit Committee of the Board of CESC Limited. The disclosure serves as a formal declaration regarding the status of the shareholding and the absence of any pledging or encumbrance activity during the specified financial year.