Subsidiary12 Jan 2026, 12:04 pm
Source Natural Foods to Incorporate Wholly-owned Subsidiary for Solar Power Generation
AI Summary
Source Natural Foods and Herbal Supplements Ltd. announced at its board meeting on January 12, 2026, the intention to incorporate a wholly-owned subsidiary to develop, implement, own, operate, and maintain grid-connected Solar PV power projects and engage in solar power generation and related activities. The subsidiary's name will be approved by the Ministry of Corporate Affairs (MCA), and necessary updates will be provided once the subsidiary is incorporated.
Key Highlights
- Incorporation of a wholly-owned subsidiary for solar power generation
- To develop, implement, own, operate, and maintain grid-connected Solar PV power projects
- Subject to approval from the MCA and other relevant statutory/regulatory authorities
- Shares will be subscribed at a face value
- Incorporation of the proposed WOS will be completed upon receipt of approvals