Insolation Energy Limited (IEL) has announced significant corporate decisions that could shape its future growth trajectory. The company's shareholders have approved six special resolutions through a postal ballot, marking important steps in the company's strategic direction.

Key Shareholder Approvals

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

2. Asset Charge Authorization: Shareholders have approved charges, hypothecation, mortgage, or lien on company assets up to ₹5,000 crores under Section 180(1)(a) of the Companies Act, 2013.

3. Loan and Investment Authorizations: Approvals have been granted for providing loan guarantees to related companies and setting investment limits under Section 186 of the Companies Act, 2013.

4. Board Appointment: Rajiv Jain has been appointed as an Independent Director of the company.

5. Articles of Association Amendment: Shareholders have approved amendments to the Articles of Association, removing common seal clauses.

6. Main Board Migration: The company has received shareholder approval for migration to the main boards of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Recent Corporate Development

In a separate 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.

These strategic moves by Insolation Energy Limited, including the shareholder approvals for significant borrowing and asset charge limits, along with the formation of a new subsidiary, suggest the company's ambitions for expansion in the renewable energy sector. The substantial borrowing limit of ₹5,000 crores indicates potential plans for significant 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.

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

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.