HEC Infra Projects to form new subsidiary 'Shivam Grid Solutions'
HEC Infra Projects Limited will form a new subsidiary, Shivam Grid Solutions Private Limited. The new entity will focus on electrical, mechanical, and engineering support services, including technical manpower supply. The Board approved this decision on July 14, 2026.
The formation of a new subsidiary is a strategic step but does not immediately impact the company's financials or operations. The impact will be realized over time as the subsidiary becomes operational.
The announcement is a routine corporate action regarding the formation of a new subsidiary and does not contain any immediate financial implications or performance updates.
HEC Infra Projects Limited announced that its Board of Directors, in a meeting held on July 14, 2026, has approved the formation of a new wholly-owned subsidiary named 'Shivam Grid Solutions Private Limited'. This new entity will focus on providing electrical, mechanical, and engineering support services, including technical manpower supply.
The Board meeting commenced at 4:00 PM IST and concluded at 5:00 PM IST.
Further disclosures regarding the incorporation of the proposed subsidiary will be provided once it is officially registered.
What to do with a filing like this
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.