Bhageria Industries Limited, a leading player in the chemical and renewable energy sectors, has announced the incorporation of its wholly owned subsidiary, Hikaru Solar Power Private Limited, to advance its strategic growth in renewable energy investments.
Hikaru Solar Power Private Limited was officially incorporated on November 30, 2024, with an authorized share capital of ₹1,00,000. The subsidiary is yet to commence business operations and will primarily hold investments in various entities.
The company has clarified that Hikaru Solar Power Private Limited will operate as a related party, with any transactions between the parent and the subsidiary being conducted on an arm’s length basis to ensure compliance with corporate governance norms.
The establishment of the wholly owned subsidiary aligns with Bhageria Industries’ objective to strengthen its foothold in renewable energy and expand its business portfolio. While the initial subscription to the subsidiary’s capital is ₹1,00,000 in cash, Bhageria Industries will hold 100% of the equity in Hikaru Solar Power Private Limited.
With a focus on renewable energy, Hikaru Solar Power Private Limited is set to play a pivotal role in supporting Bhageria Industries’ vision of creating sustainable energy solutions, which are vital for India’s green energy transition.
