Date: 14th July, 2026
Board Meeting Outcomes
The Board of Directors of HEC Infra Projects Limited, in a meeting held on 14th July 2026, approved the formation of a new wholly-owned subsidiary. The meeting commenced at 4:00 pm IST and concluded at 5:00 pm IST.
The key decision was to incorporate a new subsidiary named 'Shivam Grid Solutions Private Limited'.
Disinvestment / Strategic Actions
New Subsidiary Formation: Shivam Grid Solutions Private Limited
- Name of Entity: Shivam Grid Solutions Private Limited
- Country of Incorporation: India
- Holding Company: The proposed company will be a subsidiary of HEC Infra Projects Limited.
- Line of Business: The subsidiary is being formed for the purpose of undertaking business activity relating to providing electrical, mechanical & engineering support services including technical manpower supply services.
- Governmental/Regulatory Approvals: Not applicable for the incorporation.
- Nature of Consideration: The subsidiary will be incorporated by way of subscription to the Memorandum & Articles of the proposed company in cash.
- Shareholding & Control: HEC Infra Projects Limited will subscribe to 51% of the equity shares.
Regulation, Compliance & Legal Disclosures
This intimation is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with point 1.1.A. of Para A of Part A of Schedule III. The company states that necessary disclosures/updates under Regulation 30 read with point 1.1 of Para A of Part A of Schedule III shall be provided once the proposed subsidiary is incorporated.
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Financial Results (Standalone & Consolidated)
Not Specified
Auditor’s Report
Not Specified
Other Operational / Legal / Strategic Disclosures
Not Specified