Subsidiary6 Jan 2026, 11:19 am
Madhav Infra Projects Ltd Incorporates Wholly Owned Subsidiaries for Solar Projects
AI Summary
Madhav Infra Projects Ltd has incorporated wholly owned subsidiaries to act as Special Purpose Vehicles (SPVs) for the execution of a project awarded by M.P. Urja Vikas Nigam Limited. The new companies have been incorporated with a paid-up capital of Rs. 1,00,000/- each, comprising 10,000 equity shares of face value of Rs. 10/- each. The company has a 100% shareholding in all the new companies.
Key Highlights
- Madhav Infra Projects Ltd has incorporated nine wholly owned subsidiaries.
- The new companies are incorporated to act as Special Purpose Vehicles (SPVs) for a project awarded by M.P. Urja Vikas Nigam Limited.
- Each new company has a paid-up capital of Rs. 1,00,000/- comprising 10,000 equity shares of face value of Rs. 10/- each.
- The company has a 100% shareholding in all the new companies.
- The new companies are incorporated in India.