Empower India Limited announced it had formed a wholly owned subsidiary in the name and style as EMPOWER ENERGY PRIVATE LIMITED having Corporate Identification Number U35106MH2024PTC425250. The wholly owned subsidiary is incorporated in the state of Maharashtra vide Certificate of Incorporation granted by Central Registration Centre, Ministry of Corporate Affairs. An authorised share capital of INR 1,000,000 divided into 100,000 equity shares of INR 10 each.

Industry to which the entity being acquired belongs is non-conventional, renewable and Green Energy. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity): To carry on the business of generating, accumulating, distributing, supplying, importing, exporting energy using non-conventional and renewable sources, including but not limited to wind, heat, solar, hydro, wave, tidal, ocean, geo- thermal, bio-mass, hydrogen and fuel cells and other such sources, to generate, buy, sell, supply, exchange, distribute, deal in and share the energy to Governments, Companies, Industrial Units, State Electricity Boards, for its own use or distribution or otherwise to other types of consumers of energy according to the Law for the time being in force and to filter, exchange, offset and trade carbon credits. To promote, own, acquire, set up, erect, build, install, commission, construct, establish, maintain, improve, manage, operate alter, control, take on hire/lease, carry out and run all necessary power substations, workshops, repair shops, wires, cables, maintain generators, machinery, electrical equipment and cables, wires, lines, accumulators, lamps, fittings and apparatus in the capacity of principals, contractors, or otherwise and to deal, buy, sell and hire all apparatus and things required for or used in connection with generation, distribution, supply, accumulation of energy including in the term energy all power that may be directly or indirectly derived there from.

To render any kind of technical, administrative, consultancy or financial services in the field of renewable energy systems including but not limited to power/energy generation and distribution and carbon credits offset, exchange and trade.