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.

Insolation Energy Limited , a key player in India's renewable energy sector, has taken a significant step towards expanding its solar power portfolio. The company's wholly-owned subsidiary, Insolation Green Energy Private Limited, has incorporated two new special purpose vehicles (SPVs) for setting up solar power plants.

New Subsidiaries at a Glance

The two newly incorporated SPVs, DJEM Green Infra Private Limited and NRGE Green Infra Private Limited, were established on October 14, 2025. Both entities are set to focus on various aspects of solar power plant development, including erection, installation, construction, operation, and maintenance.

Business Focus

The newly formed SPVs are poised to engage in a comprehensive range of solar power-related activities:

• Solar power plant development
• Erection, installation, and construction of solar facilities
• Operation and maintenance of solar power plants
• 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, through its subsidiary, underscores the company's commitment to expanding its footprint in the renewable energy sector. By creating dedicated SPVs for solar power projects, the company is positioning itself to capitalize on the growing demand for clean energy solutions in India.

The incorporation of these SPVs aligns with India's push towards increasing its renewable energy capacity and reducing dependence on fossil fuels. It also reflects the ongoing trend of companies in the energy sector creating specialized entities to manage specific projects or aspects of their operations.

As these newly incorporated companies have not yet commenced business operations, their financial impact on Insolation Energy Limited's bottom line remains to be seen. However, this strategic move sets the stage for potential growth and diversification within the company's solar energy portfolio.