Insolation Energy Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para B of Part A of Schedule III and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The company has strategically approved the issuance of a Corporate Guarantee aggregating approximately ₹347.07 Crores in connection with a Rupee Term Loan Facility to be obtained by its 22 Step Down Subsidiaries. This guarantee supports the subsidiaries in executing projects awarded under PM KUSUM Component A, which are grid-connected ground-mounted solar projects in Rajasthan with a total capacity of 400 MW.
Details of Guarantee Recipients
The corporate guarantee has been provided to the following 22 step-down subsidiaries:
1. MVS Green Infra Private Limited
2. PED Green Infra One Private Limited
3. PRJG Green Infra Private Limited
4. NSJG Green Infra Private Limited
5. GRJP Green Infra Private Limited
6. GNVP Green Infra Private Limited
7. PRMJ Green Infra Private Limited
8. PGNJ Green Infra Private Limited
9. SRGE Green Infra Private Limited
10. DJRG Green Infra Private Limited
11. VEMJ Green Infra Private Limited
12. GNPR Green Infra Private Limited
13. GVHJ Green Infra Private Limited
14. EGHR Green Infra Private Limited
15. NGRJ Green Infra Private Limited
16. GJPN Green Infra Private Limited
17. HGJP Green Infra Private Limited
18. PDGN Green Infra Private Limited
19. RJGM Green Infra Private Limited
20. MGJN Green Infra Private Limited
21. JRGM Green Infra Private Limited
22. JHVG Green Infra Private Limited
Promoter/Promoter Group Interest
The promoter/promoter group/group companies do not have any interest in this transaction except to the extent of their shareholding, if any, in the subsidiary companies. The corporate guarantee has been issued on an arm's length basis.
Terms and Purpose of Guarantee
The corporate guarantees have been strategically provided to enable the execution of high-impact renewable energy projects under Component A of the PM KUSUM Scheme. The guarantees provide long-term support and shall remain valid till 12 months from the actual date of commercial operations (COD), or project stabilization, whichever is later.
Financial Impact and Accounting Treatment
There is no immediate financial impact on the company, except to the extent of the amount for which the corporate guarantee has been provided to facilitate the step-down subsidiaries availing funds towards projects under the terms of fund disbursement. The corporate guarantee will be accounted for as a contingent liability for the company.
Project Background and Financing
The company has achieved financial closure for the 400 MW PM KUSUM projects in Rajasthan through Aseem Infra Finance Limited. This initiative supports India's sustainable goals and the Viksit Bharat 2047 vision.