Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Incorporation of Wholly Owned Subsidiary
Corporate Actions:
- Incorporation of a wholly owned subsidiary company
- Subsidiary name to be approved by Central Registration Centre, Ministry of Corporate Affairs
- Authorized Share Capital: ₹10,00,000 (Rupees Ten Lakh only)
- Capital structure: 1,00,000 Equity Shares of ₹10 each
- Business activities: Battery Energy Storage System, Battery Cell, Battery Material and related electronics, hardware and software business segments
- Company to subscribe 50,000 Equity Shares of ₹10 each, aggregating ₹5,00,000 (Rupees Five Lakh only) in the subsidiary
Other Significant Information:
- The subsidiary represents diversification into battery energy storage systems and related technologies
- Initial investment commitment: ₹5,00,000 for 50% of authorized capital
Key Financial Metrics:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified