Source Natural Foods and Herbal Supplements Limited has incorporated a wholly-owned subsidiary named "SN Solar Mangaluru Private Limited" on August 31, 2026. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows an earlier communication dated August 12, 2026.
Subsidiary Details
- Name: SN Solar Mangaluru Private Limited
- Date of Incorporation: August 31, 2026
- 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 operations
- Industry: Green or renewable energy and related activities
Ownership and Transaction
- The subsidiary is 100% owned by Source Natural Foods and Herbal Supplements Limited along with its nominee shareholders.
- The parent company has subscribed to 100% of the equity shares amounting to ₹1,00,000.
- This incorporation constitutes a related party transaction as it is a wholly-owned subsidiary.
- The promoters/promoter group/group companies have no other interest in the entity.
Business Objectives
The subsidiary's purpose is to develop, implement, own, operate, and maintain grid-connected Solar PV power projects. This represents a diversification outside the company's main line of business.
Regulatory Aspects
- No governmental or regulatory approvals are required for this incorporation.
- The disclosure references SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
- The company requests this disclosure be treated as compliance with applicable SEBI Listing Regulations.