Subsidiary Incorporation Details
GRE Renew Enertech Limited has incorporated GRE Foundation as a Section 8 Company under the Companies Act, 2013, making it a wholly-owned subsidiary.
Purpose and Business Activities
GRE Foundation has been established to act as a dedicated CSR implementation arm of the Company. It will undertake activities relating to:
- Social welfare
- Education
- Healthcare
- Environmental sustainability
- Skill development
- Community development
- Rural development
- Women empowerment
- Renewable energy awareness
- Other charitable objects
The subsidiary will operate in accordance with Section 135 of the Companies Act, 2013 and applicable CSR regulations, with no profit-distribution objective.
Financial Details
- Cash consideration: ₹0.01 Crore
- Authorized Share Capital: ₹1,00,000/-
- Paid-up Share Capital: ₹1,00,000/-
- Subscription price: ₹10 per Equity Share
- Total subscription: 10,000 equity shares at face value of ₹10 each aggregating to ₹1,00,000
- Shareholding percentage: 100%
Incorporation Details
- Date of incorporation: May 22, 2026
- Country of incorporation: India
- Industry classification: Social Development / Corporate Social Responsibility (CSR) / Charitable and Not-for-Profit Activities
Regulatory Approvals
Incorporation was carried out pursuant to the licence granted under Section 8 of the Companies Act, 2013 by the Registrar of Companies, Ministry of Corporate Affairs. Governmental/regulatory approvals were required and obtained.
Strategic Context
This incorporation forms part of the Company's restructuring initiative aimed at creating a dedicated structure for implementation of CSR and community development programmes.