Insolation Energy Limited has announced a significant expansion in its solar power business through its wholly-owned subsidiary, Insolation Green Energy Private Limited. The company has incorporated seven new special purpose vehicles (SPVs) over two days, marking a strategic move to bolster its presence in the renewable energy sector.

Strategic Expansion

On October 16, 2025, Insolation Green Energy Private Limited established six new wholly-owned subsidiaries:

1. EGJP Green Infra Private Limited
2. GNHR Green Infra Private Limited
3. PEMJ Green Infra Private Limited
4. VJNR Green Infra Private Limited
5. JRGM Green Infra Private Limited
6. MGJN Green Infra Private Limited

This expansion follows the incorporation of HVGM Green Infra Private Limited on October 15, 2025, bringing the total number of new SPVs to seven.

Financial Structure

Each of the newly incorporated SPVs has been established with an identical financial structure:

Business Focus

These SPVs are designed to spearhead Insolation Energy's expansion in the solar power sector. Their primary activities will include:

• Solar power plant development
• Erection, installation, and construction of renewable energy power plants
• Operation and maintenance services
• Consultancy for renewable energy projects
• Design, supply, and commissioning of rooftop solar photovoltaic power projects

Market Impact

While the SPVs have not yet commenced business operations, this strategic move positions Insolation Energy to capitalize on the growing demand for renewable energy solutions in India. The company's decision to create multiple specialized entities suggests a targeted approach to various aspects of the solar power value chain.

Regulatory Compliance

The incorporation of these subsidiaries has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are fully informed of the company's strategic developments.

As the renewable energy sector continues to gain momentum in India, Insolation Energy's expansion through these SPVs could potentially strengthen its market position and contribute to the country's green energy goals. Investors and industry observers will be keenly watching how these new entities perform and contribute to the company's overall growth strategy in the coming months.

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.