Madhav Infra Projects Ltd — Important, 06-01-2026: Company Update

Madhav Infra Projects Limited just created nine new wholly-owned subsidiaries like MIPL SOLAR HANUMANTIYA and MADHAVSOLAR (UDAIGARH). These new entities will act as dedicated Special Purpose Vehicles (SPVs) to power through the solar projects it previously won from M.P. Urja Vikas Nigam Limited. Each new subsidiary kicks off with a modest authorized and paid-up capital of 0.01 Cr. This strategic move directly supports project execution and signals growth in its solar operations.