Insolation Energy Approves Main Board Migration and ₹5,000 Crore Borrowing Limit
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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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
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.
Borrowing Limit: A substantial borrowing limit of ₹5,000 crores has been authorized under Section 180(1)(c) of the Companies Act 2013.
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.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.27% | 0.0% | -21.38% | -39.29% | -51.61% | +2,000.75% |