GK Energy Limited has made a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the incorporation of five new wholly owned subsidiaries.
Board Approval Details
The Board of Directors approved the incorporation during a meeting held on Thursday, October 29, 2026. The meeting commenced at 10:00 A.M. and concluded at 11:50 A.M.
Subsidiary Details
The following five companies are proposed to be incorporated, subject to approval from the Registrar of Companies (ROC):
- GK Energy BESS Private Limited
- GK Energy BESS One Private Limited
- GK Energy BESS Two Private Limited
- GK Energy BESS Three Private Limited
- GK Energy BESS Four Private Limited
Ownership Structure
The proposed companies will be wholly owned subsidiaries of GK Energy Limited, with 100% ownership and control by the listed entity.
Industry Classification
All subsidiaries will belong to the Energy sector.
Business Purpose
The proposed objects of the subsidiaries will be related to the Energy sector, subject to approval from the ROC. The annexure specifies "Brief background about the entity incorporated in terms of products/line of business" as "Proposed objects will be related with the Energy sector."
Subscription Terms
GK Energy Limited will subscribe to the initial share capital of the proposed companies. The shares will be subscribed at their face value. The nature of consideration is cash, as the holding company will subscribe to the initial share capital.
Current Status
The companies are "yet to be incorporated" and will be incorporated in India. The company will provide further updates upon completion of the incorporation process.
Additional Information
The information will be uploaded on the company's website at www.gkenergy.in. The disclosure was digitally signed by Shubham Suresh Jain, Company Secretary & Compliance Officer (Membership No. A76578) from Pune.