Source Natural Foods and Herbal Supplements Limited has incorporated a new wholly-owned subsidiary named SN Solar Mangaluru Private Limited on August 31, 2026. This move signifies the company’s strategic expansion into the green and renewable energy sector, with the subsidiary focused on developing, owning, operating, and maintaining grid-connected Solar PV power projects. The initial authorized and paid-up capital for the subsidiary is ₹10,00,000.
New Subsidiary for Renewable Energy
Source Natural Foods and Herbal Supplements Limited announced the incorporation of its wholly-owned subsidiary, SN Solar Mangaluru Private Limited, on August 31, 2026. This strategic initiative marks the company’s entry into the renewable energy sector. The subsidiary’s primary objective is to develop, implement, own, operate, and maintain grid-connected Solar PV power projects.
Capitalization and Business Focus
SN Solar Mangaluru Private Limited has been established with an authorized capital of ₹10,00,000/-, divided into 1,00,000 equity shares of ₹10 each. The paid-up capital is also ₹1,00,000/-, comprising 10,000 equity shares of ₹10 each. The company is yet to commence its business operations. The industry to which the entity belongs is green or renewable energy and related activities.
Related Party Status and Consideration
As a wholly-owned subsidiary, SN Solar Mangaluru Private Limited is considered a related party to Source Natural Foods and Herbal Supplements Limited. The consideration for the acquisition of shares is through a cash payment. Source Natural Foods and Herbal Supplements Limited, along with its nominee shareholders, has subscribed to 100% of the incorporated company’s equity shares, amounting to ₹1,00,000/-.
Source: BSE
