Smarten Power Systems Incorporates Wholly-Owned Subsidiary in China for Technology Expansion
Smarten Power Systems Limited has established its presence in the Chinese market by incorporating a wholly owned subsidiary focused on technology development, industrial automation, and new energy solutions. The Board of Directors approved the investment in this foreign entity during a recent board meeting, marking a strategic move for global expansion.The newly incorporated company is named Hangzhou Smarten Electric Power Technology Co., Ltd. It was officially established on July 21, 2026, in Zhejiang, China.
This subsidiary will focus on undertaking technology development, providing technical consulting, and offering software and Internet of Things IoT services. Its trade scope includes industrial automation, power, renewable energy, AI, cloud computing, electrical and communication equipment. The entity will also manage research and development activities, system integration, and agency services for goods and technology.
The investment in the new venture was made through the subscription to share capital of the incorporated entity, ensuring that Smarten Power Systems Limited maintains a 100% shareholding and control over the subsidiary.
Key details regarding the newly established entity are summarized below:
| Particulars | Details |
|---|---|
| Name of Entity | Hangzhou Smarten Electric Power Technology Co., Ltd. |
| Date and Country of Incorporation | July 21, 2026, Zhejiang, China |
| Holding Company | Smarten Power Systems Limited |
| Relation to Listed Entity | Wholly owned Subsidiary |
| Industry Focus | Technology, Industrial Automation & New Energy Solutions |
| Scope of Business | Technology development, consulting, trading in industrial automation, power, renewable energy, AI and cloud computing equipment. |
| Shareholding | 100% held by the Holding Company |
SMARTEN Stock Price Movement
Shares of Smarten Power Systems Limited settled at ₹52.00 on Friday, having remained flat with a 0.00% change from the previous close. The stock saw trading volume recorded at 4,800 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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