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Venwind Refex Power Limited has incorporated a new wholly-owned subsidiary, Venwind Refex Power Services Limited (VRPSL), which has become a step-down subsidiary of Refex Industries Limited. VRPSL, registered in India, has an initial subscribed capital of ₹10 lakh (10,00,000) with 1,00,000 equity shares of ₹10 each. The subsidiary is set to engage in operations and maintenance contracts for renewable and conventional energy projects, including solar and wind, aiming to enhance service offerings within the power sector. No regulatory approvals are needed for this incorporation, which marks a strategic move to consolidate operations in the renewable energy segment. This development supports Refex Industries’ long-term objectives, presenting a positive outlook for future service capabilities and operational efficiency.