Date: June 27, 2026
Subsidiary Incorporation Details
Solex Energy Limited has incorporated a new wholly-owned subsidiary company named BESS (Solex BESS Private Limited). The subsidiary was incorporated on June 22, 2026, with the Certificate of Incorporation received on June 27, 2026.
Financial Structure
- Authorised Capital: ₹10,00,000 divided into 1,00,000 equity shares of ₹10 each
- Share Acquisition: Shares acquired at face value of ₹10 per share
- Shareholding: Solex Energy Limited holds 100% shareholding
- Turnover: Not applicable as this is a newly incorporated company
Business Operations
The subsidiary will engage in:
- Manufacturing, assembling, designing, developing, installing, commissioning, operating, maintaining
- Dealing in battery energy storage systems (BESS)
Strategic Rationale
The incorporation aligns with the company's strategic objective of expanding its presence in the renewable energy sector. The BESS business is aligned with and ancillary to the company's existing business activities and is expected to strengthen the company's integrated clean energy solutions portfolio.
Corporate Details
- Location: Incorporated in Surat, India
- Current Status: Yet to commence business operations
- Relationship: Related party transaction as Solex Energy Limited promotes and fully owns the subsidiary