CESC Limited has filed a disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the incorporation of five new wholly owned subsidiary companies.
Subsidiary Companies Incorporated
Purvah Green Power Private Limited has incorporated the following five wholly owned subsidiaries, all incorporated on July 10, 2026:
1. Purvah Sunrise Energy Private Limited
2. Purvah Sunlight Energy Private Limited
3. Purvah Future Energy Private Limited
4. Purvah Nextgen Energy Private Limited
5. Purvah Sustainable Energy Private Limited
Corporate Structure and Ownership
- All five companies are wholly owned subsidiaries of Purvah Green Power Private Limited
- CESC Limited holds 96.14% in Purvah Green Power Private Limited
- The acquisition falls within related party transactions but is conducted at arm's length
Financial Details
Each of the five newly incorporated companies has:
- Subscribed and paid-up capital of ₹1,00,000 (Rupees One Lakh Only)
- No turnover as they are newly incorporated companies
Business Purpose and Impact
- All five subsidiaries will explore opportunities in the renewable power sector
- The businesses align with CESC's main line of business
- No significant financial impact disclosed as these are newly incorporated entities
Regulatory Approvals
- No governmental or regulatory approvals required as these are newly incorporated companies
- Not applicable for completion timeline as incorporation is already complete
Additional Information
- All companies were incorporated on July 10, 2026
- No historical turnover or operational history exists for any of the entities
- All companies are incorporated in India
The disclosure was signed by Jagdish Patra, Company Secretary & Compliance Officer of CESC Limited, on July 10, 2026.