Subsidiary Incorporation Details

  • Name of Subsidiary: Source Natural Estates Private Limited
  • Date of Incorporation: June 18, 2026
  • Legal Status: Wholly-owned subsidiary of Source Natural Foods and Herbal Supplements Limited

Capital Structure of Subsidiary

  • Authorized Capital: ₹10,00,000 (divided into 1,00,000 equity shares of ₹10 each)
  • Paid-up Capital: ₹1,00,000 (divided into 10,000 equity shares of ₹10 each)
  • Business Status: Yet to commence business operations

Industry Classification

The subsidiary will operate in the green or renewable energy and related activities sector.

Business Objectives and Purpose

The wholly-owned subsidiary was incorporated to:

  • Acquire land and other immovable property or any rights/interests therein
  • Develop, manage, improve, lease, sub-lease, license or otherwise grant land usage rights
  • Service Special Purpose Vehicles (SPVs) for setting up, developing, constructing, installing, operating and maintaining:
  • Solar and other green/renewable energy projects
  • Energy storage systems
  • Electric vehicle charging infrastructure
  • Green energy-related infrastructure
  • Facilities for wastewater treatment, solid waste management, and agri-waste processing

Transaction Details

  • Consideration Type: Cash consideration
  • Transaction Structure: Subscription of shares in the incorporated company
  • Participants: Source Natural Foods and Herbal Supplements Limited along with its nominee shareholders
  • Acquisition Percentage: 100% equity ownership
  • Investment Amount: ₹1,00,000

Related Party Considerations

The incorporation falls within related party transactions as the subsidiary is wholly-owned by the company. Except for this ownership relationship, the promoter/promoter group/group companies have no interest in the entity. The transaction is conducted at arm's length.

Regulatory Approvals

No governmental or regulatory approvals are required for this acquisition as indicated by "Not applicable" in the disclosure.

Compliance References

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015
  • SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023