HEC Infra Projects to form new subsidiary 'Shivam Grid Solutions'
HEC Infra Projects Limited will form a new subsidiary, 'Shivam Grid Solutions Private Limited', to offer electrical, mechanical, and engineering support services. The company will hold a 51% stake. The Board approved this decision on July 14, 2026.
The formation of a subsidiary for providing support services is a standard business expansion step and is unlikely to have a significant immediate impact on the company's overall financials or operations.
The announcement is a routine corporate action regarding the formation of a subsidiary and does not inherently contain positive or negative financial implications at this stage.
HEC Infra Projects Limited announced that its Board of Directors, in a meeting held on 14th July 2026, has approved the formation of a new subsidiary. The subsidiary will be named 'Shivam Grid Solutions Private Limited' and will be incorporated in India.
The primary business activity of Shivam Grid Solutions Private Limited will be to provide electrical, mechanical, and engineering support services, including technical manpower supply. HEC Infra Projects Limited will hold a 51% equity stake in the new subsidiary through subscription to its Memorandum and Articles of Association.
The Board meeting commenced at 4:00 pm (IST) and concluded at 5:00 pm (IST) on the same day. Further disclosures will be provided once the subsidiary is officially incorporated.
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HEC Infra Projects Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by HEC Infra Projects Limited. Read the original for the full detail.