Key Event Details
Baazar Style Retail Limited incorporated a wholly owned subsidiary named Sunright Private Limited on November 12, 2026. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs on the same day.
Subsidiary Information
Name: Sunright Private Limited
Ownership: 100% Wholly Owned Subsidiary of Baazar Style Retail Limited
Industry: Renewable Energy Sector (Solar Power Generation and allied activities)
Date of Incorporation: November 12, 2026
Geographic Presence: India
Operational Status: Newly incorporated company that has not commenced business operations
Financials: Turnover and net worth are not applicable as operations have not begun
Transaction Details
Nature of Transaction: Related party transaction (as it is a wholly owned subsidiary)
Consideration: Initial share capital subscribed in cash at face value
Percentage Acquired: 100% shareholding and control
Government Approvals: Incorporation approved by Ministry of Corporate Affairs
Purpose and Impact
The subsidiary was incorporated for setting up and undertaking solar power generation projects and other allied activities. This represents an expansion into the renewable energy sector, which is outside the company's main retail business line.
Financial Impact
Financial impact not quantified in the disclosure. The investment represents initial share capital subscription at face value, but specific amounts are not disclosed.