Solex Energy Limited (SOLEX) — Related Party Transaction | 27 June 2026

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Solex Energy Limited announced the incorporation of its wholly-owned subsidiary BESS June 22, 2026, to focus on battery energy storage systems manufacturing. The new entity, incorporated in Surat, will operate under a cash consideration structure with 100% ownership by the parent. The move aligns with the company's strategic expansion into renewable energy storage solutions, enhancing its integrated clean energy portfolio. The subsidiary currently has no turnover and awaits operational commencement.

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About Solex Energy Limited (SOLEX)

Capital Goods · Electrical Equipment · Listed on NSE

Market Cap: ₹1,422.15 Cr

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