Insolation Energy Approves Main Board Migration and ₹5,000 Crore Borrowing Limit

1 min read     Updated on 23 Oct 2025, 07:03 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Insolation Energy Limited's board has approved migration to the main boards of BSE and NSE from the BSE SME platform. The board also authorized a ₹5,000 crore borrowing limit and permitted charges on company assets up to the same amount. A new step-down subsidiary, PRGE Green Infra Private Limited, has been incorporated for solar power plant development. These decisions are subject to shareholder approval via postal ballot.

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*this image is generated using AI for illustrative purposes only.

Insolation Energy Limited (IEL) has announced significant corporate decisions that could shape its future growth trajectory. The company's board has given the green light for migration to the main boards of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), potentially increasing its visibility and liquidity in the market.

Key Board Decisions

  1. Main Board Migration: The board has approved the information memorandum for migrating from the BSE SME platform to the main boards of both BSE and NSE.

  2. Borrowing Limit: A substantial borrowing limit of ₹5,000 crores has been authorized under Section 180(1)(c) of the Companies Act 2013.

  3. Asset Charge Authorization: The board has permitted charges, hypothecation, mortgage, or lien on company assets up to ₹5,000 crores under Section 180(1)(a) of the Companies Act, 2013.

  4. Loan and Investment Authorizations: The board has granted various authorizations related to providing loans, guarantees, securities, and making investments under Sections 185 and 186 of the Companies Act, 2013.

Postal Ballot Notice

The company has issued a postal ballot notice to seek shareholder approval for these significant decisions, underlining the importance of these moves for IEL's future plans.

Recent Corporate Development

In a separate but noteworthy development, IEL's wholly-owned subsidiary, Insolation Green Energy Private Limited, has incorporated a new entity named PRGE Green Infra Private Limited. This step-down subsidiary is established as a special purpose vehicle (SPV) for setting up solar power plants, aligning with IEL's focus on the renewable energy sector.

Entity Details Information
Name PRGE Green Infra Private Limited
CIN U43222RJ2025PTC107896
Authorized Share Capital ₹1,00,000
Ownership 100% owned by Insolation Green Energy Private Limited
Primary Business Solar power plant development, operation, and maintenance

These strategic moves by Insolation Energy Limited, including the main board migration and the formation of a new subsidiary, suggest the company's ambitions for expansion in the renewable energy sector. The significant borrowing limit of ₹5,000 crores indicates potential plans for substantial investments or projects in the future.

Investors and market watchers will likely keep a close eye on how these decisions unfold and impact the company's growth and market position in the coming months.

Historical Stock Returns for Insolation Energy

1 Day5 Days1 Month6 Months1 Year5 Years
+1.27%0.0%-21.38%-39.29%-51.61%+2,000.75%
Insolation Energy
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Insolation Energy Limited Expands Solar Footprint with New Step-Down Subsidiary

1 min read     Updated on 22 Oct 2025, 09:33 PM
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Reviewed by
Ashish ThakurScanX News Team
Overview

Insolation Energy's subsidiary, Insolation Green Energy Private Limited, has incorporated PRGE Green Infra Private Limited on October 22, 2025. The new entity, with an authorized share capital of Rs. 1,00,000, is fully owned by Insolation Green Energy. PRGE Green Infra will focus on solar power plant development, consultancy services, and operation and maintenance of rooftop solar projects. This strategic move aims to strengthen Insolation Energy's position in the solar energy sector.

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*this image is generated using AI for illustrative purposes only.

Insolation Energy has announced a strategic move to strengthen its position in the solar energy sector. The company's wholly-owned subsidiary, Insolation Green Energy Private Limited, has incorporated a new entity named PRGE Green Infra Private Limited on October 22, 2025.

Key Details of the New Subsidiary

Aspect Details
Name PRGE Green Infra Private Limited
CIN U43222RJ2025PTC107896
Incorporation Date October 22, 2025
Authorized Share Capital Rs. 1,00,000 (10,000 equity shares of Rs. 10 each)
Ownership 100% owned by Insolation Green Energy Private Limited
Initial Investment Rs. 1,00,000 (cash consideration)

Purpose and Scope

PRGE Green Infra Private Limited has been established as a special purpose vehicle (SPV) with a focus on:

  1. Solar power plant development, erection, installation, and maintenance
  2. Consultancy services for renewable energy power plants
  3. Design, supply, erection, testing, and commissioning of rooftop solar photovoltaic power projects
  4. Comprehensive operation and maintenance (O&M) of rooftop solar projects

This step-down subsidiary structure allows Insolation Energy to expand its operations in the solar energy sector while maintaining a clear organizational hierarchy.

Regulatory Compliance

The incorporation of PRGE Green Infra Private Limited has been disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about significant corporate developments.

Future Outlook

While PRGE Green Infra Private Limited is yet to commence business operations, its establishment signals Insolation Energy's commitment to growth in the renewable energy sector. The company's strategic expansion through this subsidiary structure positions it to capitalize on opportunities in solar power development and consultancy services.

As the renewable energy landscape in India continues to evolve, Insolation Energy's latest move demonstrates its proactive approach to strengthening its market presence and diversifying its service offerings in the solar energy domain.

Historical Stock Returns for Insolation Energy

1 Day5 Days1 Month6 Months1 Year5 Years
+1.27%0.0%-21.38%-39.29%-51.61%+2,000.75%
Insolation Energy
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