Key Event
Incorporation of Wholly Owned Subsidiary
- Subsidiary Name: Windfusion Renewable Private Limited (WRPL)
- Date of Incorporation: June 26, 2026
- Country of Incorporation: India
- Holding Company: Powerica Limited is the 100% holding company
- Relationship: WRPL is a wholly owned subsidiary of Powerica Limited, making them related parties
Business Details of Subsidiary
- Industry: Renewable Energy
- Main Objects: Setting up, development and construction of renewable power projects including:
- Wind power projects
- Wind parks
- Solar power projects
- Wind-Solar Hybrid Projects
- Any other renewable power projects
- Power generation from wind projects, wind-solar hybrid projects, or any other renewable source
- All allied activities relating to setting up of wind parks or wind power projects
Regulatory Approvals
- Governmental/Regulatory Approvals for Incorporation: Not Applicable
- Incorporation Approval: Ministry of Corporate Affairs approved the incorporation on June 26, 2026
Financial Details
- Nature of Consideration: Cash consideration
- Share Subscription: Powerica Limited subscribed to 100% of the paid-up share capital
- Number of Shares: 250,000 equity shares
- Face Value: INR 10 per share
- Total Investment: INR 25,00,000 (Twenty Five Lakh Rupees)
- Percentage Holding: 100% control (Wholly Owned Subsidiary)