Australian Premium Solar (India) Limited — Board Meeting, 08-01-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting, during which they approved the incorporation of a wholly owned subsidiary focused on the solar industry. The newly formed entity will support the parent company's ongoing operations and is expected to be incorporated by March 31, 2025. The board plans to subscribe to 1,00,000 equity shares at a face value of ₹10 each during the incorporation process. The subsidiary will be related to the company but will not have direct promoter interests.