Subsidiary19 Jun 2026, 12:59 pm
Source Natural Foods Incorporates Wholly Owned Subsidiary
AI Summary
Source Natural Foods and Herbal Supplements Ltd has announced the incorporation of its wholly-owned subsidiary, Source Natural Estates Private Limited, on June 18, 2026. The subsidiary has an authorized capital of ₹10,00,000 and a paid-up capital of ₹1,00,000. Its primary objective is to acquire and develop land for solar and renewable energy projects, energy storage systems, EV charging infrastructure, and waste management facilities. The company has subscribed to 100% of the subsidiary's equity shares for ₹1,00,000 in cash. This move diversifies the company's business interests into the green energy sector.
Key Highlights
- Source Natural Foods incorporated a wholly-owned subsidiary, Source Natural Estates Private Limited.
- The subsidiary will focus on acquiring and developing land for green energy projects.
- Initial investment in the subsidiary is ₹1,00,000.
- The subsidiary aims to develop solar, renewable energy, and EV charging infrastructure.
Price Impact
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