Steamhouse India Limited has incorporated a wholly-owned subsidiary company named STEAMHOUSE (PANOLI WTS) INDIA PRIVATE LIMITED on November 06, 2026. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Subsidiary Details

  • Name: STEAMHOUSE (PANOLI WTS) INDIA PRIVATE LIMITED
  • Authorized Capital: ₹10,00,000 (1,00,000 Equity Shares of ₹10 each)
  • Subscribed & Paid-up Capital: ₹1,00,000 (10,000 Equity Shares of ₹10 each)
  • Turnover: Not applicable (newly incorporated entity)
  • Date of Incorporation: November 06, 2026
  • Country of Operations: India

Ownership Structure

Steamhouse India Limited holds 99.99% shareholding (9,999 Equity Shares of ₹10 each), with Mr. Vishal Sanwarprasad Budhia holding 1 nominee share (0.01%) on behalf of Steamhouse India Limited. The transaction does not qualify as a related party transaction as none of the Promoters, Promoter Group, or Key Managerial Personnel have any personal interest in the incorporation beyond the shareholding and directorship arrangements.

Business Operations

The subsidiary operates in the Waste-to-Steam (WTS) & Thermal Energy Infrastructure sector, specializing in:

  • Industrial boiler facilities
  • Waste processing facilities
  • Steam distribution networks
  • Power generation
  • Industrial gas supply
  • EPC and O&M services
  • Commercial utilization of fly ash and natural resources

Specifically, the entity will focus on developing, executing, and operating Waste-to-Steam generation projects and centralized pipeline distribution infrastructure, generating high-efficiency steam, thermal energy, and industrial utilities from permissible waste streams for supply to industrial consumers through dedicated pipeline networks.

Strategic Rationale

The incorporation aligns directly with the core operational objects and long-term business expansion strategy of Steamhouse India Limited, falling within the company's main line of business.

Regulatory Approvals

The company has obtained the Certificate of Incorporation issued by the Ministry of Corporate Affairs (MCA), Registrar of Companies, Gujarat at Ahmedabad.

Transaction Details

  • Consideration Type: Cash consideration
  • Subscription Value: ₹1,00,000 (10,000 Equity Shares of face value ₹10 each at par)
  • Control Acquired: 100% control/shareholding

Financial Impact

The initial investment amounts to ₹1,00,000 for 10,000 equity shares. No historical financial information is available as the entity is newly incorporated.