Indian Energy Exchange has formally incorporated its wholly owned subsidiary, Indian Coal Exchange Limited, on June 1, 2026, with a Corporate Identity Number U66190DL2026PLC467125. The incorporation, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marks the company's formal entry into the coal trading segment. The development follows an earlier intimation dated March 18, 2026, and has been communicated to both BSE Limited and the National Stock Exchange of India.

Subsidiary at a Glance

The key details of the newly incorporated entity are summarised below:

Capital Structure and Shareholding

Indian Coal Exchange Limited has been incorporated with an authorized share capital of ₹1,00,00,00,000 (Rupees One Hundred Crores Only), divided into 10,00,00,000 (Ten Crore) equity shares of ₹10 each. The shares have been subscribed at a face value of ₹10 per equity share, with the consideration to be paid in cash. Indian Energy Exchange holds 100% of the shareholding in the incorporated entity, retaining full control over the new platform.

Regulatory Requirements

At the time of incorporation, no governmental or regulatory approvals were required for the formation of Indian Coal Exchange Limited. However, the entity will need to obtain a license or registration from the designated regulator once the Draft Coal Exchange Rules, 2025, proposed by the Ministry of Coal, are notified and come into force. This regulatory step is a prerequisite before the subsidiary can commence and carry on coal exchange operations. The disclosure was signed by Vineet Harlalka, CFO, Company Secretary & Compliance Officer of Indian Energy Exchange.

Strategic Significance

The incorporated entity is classified under the financial services industry and will operate as a structured online marketplace where buyers and sellers of coal can transact, trade, and enter into contracts. The formation of Indian Coal Exchange Limited broadens Indian Energy Exchange's portfolio beyond its existing energy trading operations. With full ownership and a defined capital base, the parent company is positioned to establish a dedicated coal trading infrastructure, subject to the operationalisation of the applicable regulatory framework.

Indian Energy Exchange has scheduled a virtual meeting with analysts and institutional investors on June 3, 2026. The interaction with Dalal Broacha will be conducted on a one-on-one basis via a virtual platform. The company confirmed that no unpublished price-sensitive information will be shared during this meeting.

The schedule was communicated to the stock exchanges pursuant to Regulation 30, Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted by Vineet Harlalka, CFO, Company Secretary & Compliance Officer of Indian Energy Exchange.

The company noted that the schedule is subject to change due to exigencies on the part of institutional investors or the company. Further information regarding the meeting will be available on the company's website.