Indsil Hydro Power and Manganese Limited to Establish Wholly Owned Subsidiary for Real Estate and Infrastructure Development
Indsil Hydro Power & Manganese has approved the incorporation of a wholly owned subsidiary, Indsil Infrastructure Limited, to venture into real estate and infrastructure development. The subsidiary will have an initial paid-up capital of ₹1.00 lakh, with 10,000 equity shares of ₹10 each. The new entity will focus on commercial and business real estate development, subject to approval from the Ministry of Corporate Affairs. Additionally, the company announced a trading window closure for its equity shares from October 1 until 48 hours after the declaration of Q2 financial results.

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Indsil Hydro Power & Manganese , a prominent player in the hydro power and manganese industry, has announced a strategic move to diversify its business operations. The company's Board of Directors has approved the incorporation of a wholly owned subsidiary named 'Indsil Infrastructure Limited', marking its entry into the real estate and infrastructure development sector.
Key Details of the New Subsidiary
- Name: Indsil Infrastructure Limited (subject to approval from the Ministry of Corporate Affairs)
- Initial Paid-up Capital: ₹1.00 lakh
- Shareholding: Indsil Hydro Power & Manganese will hold 100% of the subsidiary's capital
- Share Structure: 10,000 equity shares of ₹10 each
Business Focus
The newly proposed subsidiary will concentrate on real estate and infrastructure development for commercial and business purposes. This move is part of Indsil Hydro Power & Manganese's long-term strategic plans to diversify its business operations and explore new opportunities in the growing real estate and infrastructure sectors.
Regulatory Approvals
The incorporation of the wholly owned subsidiary is subject to approval from the Registrar of Companies, Ministry of Corporate Affairs, Government of India. The company has stated that it will disclose further details, including the date of incorporation, once the subsidiary is officially established.
Implications for Investors
This move by Indsil Hydro Power & Manganese represents a significant diversification from its core business of hydro power and manganese production. Investors may want to closely monitor how this new venture impacts the company's overall financial performance and growth strategy in the coming quarters.
Trading Window Closure
In a separate announcement, Indsil Hydro Power & Manganese has informed that the trading window for its equity shares will be closed from October 1 until 48 hours after the declaration of the Unaudited Financial Results for the quarter ending September 30. This is in compliance with SEBI regulations and the company's Code of Conduct to prevent insider trading.
Historical Stock Returns for Indsil Hydro Power & Manganese
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-3.19% | -7.40% | -9.10% | +21.10% | -20.51% | +210.24% |