Subsidiary25 Jun 2026, 05:10 pm
GRE Renew Enertech Incorporates Wholly Owned CSR Subsidiary GRE Foundation
AI Summary
GRE Renew Enertech Ltd has incorporated 'GRE Foundation' as its wholly-owned subsidiary, a Section 8 Company. This entity will serve as a dedicated CSR implementation arm, focusing on social welfare, education, healthcare, environmental sustainability, and community development. The incorporation involved a nominal cash consideration of ₹0.01 Crore for an initial share capital of ₹1,00,000. This move is part of the company's restructuring initiative to streamline CSR and community development programs.
Key Highlights
- GRE Renew Enertech establishes GRE Foundation as a wholly-owned subsidiary.
- GRE Foundation will manage the company's Corporate Social Responsibility (CSR) initiatives.
- The subsidiary is a Section 8 Company focused on social welfare and community development.
- Incorporation involved a cash consideration of ₹0.01 Crore.
- This is part of a broader restructuring effort for CSR implementation.
Price Impact
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