Source Natural Foods Establishes Wholly-Owned Subsidiary to Drive Renewable Energy Land Development
Source Natural Foods and Herbal Supplements Limited has incorporated a wholly-owned subsidiary, Source Natural Estates Private Limited, aimed at the development and management of land for various green energy projects. The incorporation occurred on June 18, 2026.The new entity is designated to acquire land and other immovable property rights through the purpose of developing and managing it. These lands will be used to support initiatives that relate to solar and other renewable energy generation projects, energy storage systems, electric vehicle charging infrastructure, green energy-related facilities, wastewater treatment, solid waste management, and agri-waste processing.
The strategic move positions Source Natural Foods and Herbal Supplements Limited to enter the land development sector in conjunction with Special Purpose Vehicles (SPVs).
Details regarding the newly incorporated subsidiary are as follows:
| Particulars | Detail |
|---|---|
| Subsidiary Name | Source Natural Estates Private Limited |
| Incorporation Date | June 18, 2026 |
| Industry | Green or renewable energy and related activities |
| Status | Yet to commence business operations |
The investment into the subsidiary was completed through a subscription of shares by way of cash consideration. Source Natural Foods and Herbal Supplements Limited along with its nominee shareholders subscribed to 100% equity shares in the incorporated company, amounting to Rs. 1,00,000/-.
Financial structure details for Source Natural Estates Private Limited are presented below:
| Financial Metric | Amount/Detail |
|---|---|
| Authorized Capital | Rs. 10,00,000/- (divided into 1,00,000 Equity shares of Rs. 10/- each) |
| Paid up Capital | Rs. 1,00,000/- (divided into 10,000 Equity shares of Rs. 10/- each) |
Stock Price Movement
As of 13:20, Source Natural Foods and Herbal Supplements Ltd is ticking up at ₹111.00, gaining 2.73%. The shares traded today within an intraday range from ₹105.90 to the high of ₹111.05.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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