Dharan Infra-EPC Limited , a company listed on the National Stock Exchange (NSE: KBCGLOBAL) and BSE (BSE: 541161), has announced the incorporation of a wholly owned subsidiary focused on renewable energy and solar power. The new entity, named Dharan Infra Solar Private Limited, was incorporated on August 27, 2025, following board approval on June 13, 2025.

Subsidiary Details

The newly formed subsidiary, registered in Nashik, Maharashtra, India, is set to operate in the renewable energy sector with a specific focus on solar power. Its scope of operations includes:

• Manufacturing, design, and development of renewable energy modules, cells, and accessories
• Conducting research in the field of renewable energy
• Trading, buying, selling, wholesaling, retailing, and distributing solar power equipment
• Assembling, fabricating, repairing, and maintaining solar power projects
• Operating solar power projects and hybrid systems combining solar photovoltaic technology with other forms of renewable energy

Financial Aspects

Dharan Infra-EPC Limited has subscribed to 100% of the initial paid-up share capital of the new subsidiary. The details of this subscription are as follows:

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the company's statement, no specific governmental or regulatory approvals were required for the incorporation of this subsidiary.

Strategic Implications

This move by Dharan Infra-EPC Limited signifies a strategic expansion into the rapidly growing renewable energy sector, particularly in solar power. By establishing a dedicated subsidiary, the company positions itself to capitalize on opportunities in solar energy manufacturing, project development, and related services.

The incorporation of Dharan Infra Solar Private Limited aligns with the global trend towards sustainable energy solutions and may provide Dharan Infra-EPC Limited with new avenues for growth and diversification in the green energy market.

Dharan Infra-EPC Limited , a prominent player in the infrastructure and engineering sector, has announced a significant leadership change that will shape the company's future direction.

Leadership Transition

The company disclosed that Mr. Naresh Karda has decided to step down from his position as Managing Director, effective August 7, 2025. Mr. Karda cited other professional commitments as the reason for his resignation but will continue to serve on the company's board as a director.

In a strategic move to ensure a smooth transition, the Board of Directors has unanimously approved the appointment of Mr. Devesh Karda as the new Managing Director. This appointment is subject to necessary statutory and shareholder approvals.

Legacy of Growth and Innovation

During his tenure, Mr. Naresh Karda played a pivotal role in transforming Dharan Infra-EPC Limited into a leading infrastructure and engineering organization. The company's official statement praised his leadership, highlighting his contributions to operational integrity, strategic depth, and commitment to nation-building.

Looking Ahead

Mr. Devesh Karda, the incoming Managing Director, brings a wealth of experience to his new role. He has been actively involved in the company's key projects and strategic initiatives, demonstrating a leadership style that combines a modern outlook with operational rigor and adherence to core corporate values.

The Board of Directors expressed confidence in Mr. Devesh Karda's ability to lead the company forward. They anticipate that under his stewardship, Dharan Infra-EPC Limited will continue to strengthen its market position, drive innovation, and deliver consistent value to its stakeholders, including investors, financial institutions, and strategic partners.

Corporate Governance and Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Dharan Infra-EPC Limited has duly informed the National Stock Exchange of India Limited and BSE Limited about this leadership change.

The company's commitment to transparency is evident in its prompt disclosure of this significant development to its shareholders and the market at large.

As Dharan Infra-EPC Limited embarks on this new chapter, stakeholders will be keenly watching how the transition unfolds and the strategic direction the company takes under its new leadership.