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H.G. Infra Engineering Limited has incorporated a wholly owned subsidiary, H.G. Banaskantha Bess Private Limited. The new entity has been established with an authorized and subscribed capital of ₹15,00,000, comprising 1,50,000 equity shares of ₹10 each. The subsidiary will operate in the battery energy storage system sector, although it has not yet commenced business operations, leading to no immediate impact on the parent company. The transaction does not involve related party transactions as the promoter group has no interest in the new subsidiary. The shares have been fully subscribed at par value, and the acquisition signifies a strategic move into the evolving battery energy storage market. Investors should watch this development closely for potential growth opportunities in the subsidiary's future operations.