Key Quantitative Figures

  • Total investment in both subsidiaries: ₹0.02 Crore (₹0.01 Crore each)
  • Subscription price per equity share: ₹10
  • Total subscription amount per subsidiary: ₹1,00,000
  • Shareholding percentage: 100% for both subsidiaries

Dates of Action

  • Subsidiary incorporation dates: Solarsource Energy Private Limited (25th August 2026), Solarcatch Energy Private Limited (29th August 2026)
  • Disclosure date: 31st August 2026

Parties Involved

  • Listed entity: GRE Renew Enertech Limited (Formerly Known as GRE Renew Enertech Private Limited)
  • New subsidiaries: Solarsource Energy Private Limited and Solarcatch Energy Private Limited
  • Regulatory authority: Registrar of Companies, Ministry of Corporate Affairs

Purpose and Rationale

Both entities have been incorporated to undertake activities in the renewable energy sector, specifically:

  • Development, establishment, operation and maintenance of solar power projects
  • Allied activities as permitted under their constitutional documents and applicable laws

The incorporation is part of the Company's strategy to undertake renewable energy projects through dedicated subsidiaries and facilitate focused development and execution of identified and prospective business opportunities in the renewable energy sector.

Financial and Operational Impact

  • The investment represents subscription towards initial share capital of both subsidiaries
  • Cash consideration of ₹0.01 Crore each was paid by way of subscription to initial shares
  • Equity shares were subscribed at face value of ₹10 each
  • The financial impact is quantified at ₹0.02 Crore for both subsidiaries combined

Governance Details

  • The disclosure was signed by Mr. Kamleshkumar D Patel, Managing Director
  • Company CIN: L31100GJ2008PLC055304
  • Company describes itself as "RE Projects Developer & EPC Company" and "Mfr. of LED Lighting, Solar Lighting & Power Products"

Additional Information

  • Both subsidiaries were incorporated in India
  • Governmental/regulatory approvals were obtained from the Registrar of Companies, Ministry of Corporate Affairs
  • No share exchange ratio involved (Not Applicable)
  • The subsidiaries belong to the Renewable Energy/Solar Power industry