Patil Automation Limited Incorporates PAL Green Energy Private Limited as Subsidiary
Patil Automation Limited has expanded its operational footprint by incorporating a new subsidiary, PAL Green Energy Private Limited. The company received the Certificate of Incorporation for the new entity on April 17, 2026, confirming the establishment of the specialized subsidiary.The new entity, PAL Green Energy Private Limited, commenced operations following its incorporation date of April 07, 2026. The subsidiary is positioned within the advanced renewable energy sector, focusing on Solar Structures & Tracker Components, BESS (Battery Energy Storage System), and Solar Module Assembly Line operations.
The core business scope of PAL Green Energy Private Limited includes the manufacturing and supply of solar ground mounted tilt structures, purlins, HDG, HR Black, and various solar tracker components such as torque tubes, stamping components, and column/post.
Patil Automation Limited acquired a significant stake in the newly incorporated subsidiary through a cash consideration transaction.
The key details regarding the subsidiary and the transaction are as follows:
| Detail | Information |
|---|---|
| Subsidiary Name | PAL Green Energy Private Limited |
| Incorporation Date | April 07, 2026 |
| Holding Company | Patil Automation Limited |
| Industry | Solar Structures & Tracker Components, BESS, Solar Module Assembly Line |
| Consideration Type | Cash Consideration |
| Cost of Subscription | Rs.90,000/- (Rupees Ninety Thousand Only) |
| Shareholding Acquired | 90% shareholding |
| Products/Line of Business | Solar ground mounted tilt structures, purlins, HDG, HR Black, Solar tracker components: torque tubes, stamping components, column/post. |
PATILAUTOM Stock Price Movement
Today, Patil Automation Limited shares slipped by 0.80% to settle at ₹167.55, down ₹1.35 from its previous close. The stock saw a total volume of 4,800 shares traded, marking continued selling pressure in the capital goods sector.Source:
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