Key Quantitative Figures
- Initial subscription amount: ₹55,000
- Number of shares subscribed: 5,500 equity shares of ₹10 each
- Shareholding percentage: 55% by Belding India Limited
Dates of Action
- Date of incorporation: June 22, 2026
- Date of intimation: June 23, 2026
Parties Involved
- Listed entity: Belding India Limited (CIN: L63119PN1984PLC248366)
- Joint venture partner: HD Fabcon Private Limited
- New subsidiary: Belding HD India Private Limited
- Compliance officer: Muskan Gurumukhdas Pinjani, Company Secretary and Compliance Officer
Business Purpose and Rationale
The joint venture will focus on Battery Energy Storage System and Renewable Energy projects. It aims to leverage HD Fabcon Private Limited's business development and market access capabilities together with Belding India Limited's execution, operational, project management, and manufacturing capabilities. The entity shall primarily focus on identifying, securing, executing, and managing projects across sectors.
Shareholding Structure
- Belding India Limited: 55% (5,500 equity shares of ₹10 each)
- HD Fabcon Private Limited: 45%
Consideration Details
The initial subscription to the equity shares of Belding HD India Private Limited was made in cash. No governmental or regulatory approvals were required for the incorporation.
Financial Impact
The financial impact of this transaction is limited to the initial investment of ₹55,000. The long-term financial impact will depend on the performance and scale of projects undertaken by the joint venture.