Insolation Energy Limited 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 step-down subsidiary named HVGM Green Infra Private Limited on October 15, 2025.

Key Details of the New Subsidiary

HVGM Green Infra Private Limited has been established as a special purpose vehicle (SPV) with the primary objective of developing solar power plants. Here are the essential details of the new entity:

Business Objectives

The newly formed subsidiary is set to engage in various aspects of solar power development, including:

• Solar power plant development, erection, and installation
• Construction, operation, and maintenance of solar facilities
• Consultancy services for renewable energy power plants
• Design, supply, erection, testing, and commissioning of rooftop solar photovoltaic projects
• Comprehensive operation and maintenance (O&M) of rooftop solar projects

Strategic Implications

This move by Insolation Energy Limited signifies a focused approach to expanding its solar energy operations. By creating a dedicated SPV for solar power plant development, the company aims to capitalize on the growing demand for renewable energy solutions and potentially streamline its project execution capabilities.

Regulatory Compliance

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

As the renewable energy sector continues to gain momentum, Insolation Energy's expansion through this new subsidiary could be seen as a strategic step to enhance its market presence and operational capabilities in the solar power segment.

Insolation Energy Limited has taken a significant step towards expanding its presence in the renewable energy sector. The company announced the incorporation of a new wholly-owned subsidiary, HVGM Green Infra Private Limited, through its existing subsidiary Insolation Green Energy Private Limited.

Key Details of the New Subsidiary

Business Objectives

HVGM Green Infra Private Limited has been established as a special purpose vehicle (SPV) with a clear focus on the solar industry. The company's primary objectives include:

1. Development, erection, installation, and maintenance of solar power plants
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 solar installations

This strategic move aligns with Insolation Energy's commitment to expanding its footprint in the renewable energy sector, particularly in solar power development.

Financial and Regulatory Aspects

The initial subscription for HVGM Green Infra Private Limited is set at ₹1,00,000, fully subscribed by Insolation Green Energy Private Limited. While this transaction is considered a related party transaction due to the subsidiary relationship, it does not require additional approvals as Insolation Energy Limited is not directly involved in the initial subscription.

Market Implications

The establishment of HVGM Green Infra Private Limited signals Insolation Energy's intent to capitalize on the growing demand for solar energy solutions in India. This move may potentially strengthen the company's position in the renewable energy market and contribute to its long-term growth strategy.

Disclosure and Compliance

The company has duly informed the BSE Limited about this development, adhering to the disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant corporate actions that may influence the company's future prospects.

As HVGM Green Infra Private Limited commences its operations, it will be interesting to observe how this strategic expansion contributes to Insolation Energy's growth trajectory and its impact on the broader solar energy market in India.