Hi-Green Carbon Limited — JV/Acquisition, 28-06-2025: Acquisition

Hi-Green Carbon has announced a board meeting on increasing its investment by Rs. 6 Cr in its wholly owned subsidiary, Shantol Recycling Private Limited. This subsidiary, incorporated in 2023, is setting up an industrial plant focused on waste recycling but has yet to generate revenue. The capital infusion aligns with bank credit facility requirements to raise the subsidiary’s paid-up capital to Rs. 11 Cr. This move supports Hi-Green’s strategic push into scaling its recycling capabilities, strengthening its footprint in the waste management sector, with no change in control expected.