Armee Infotech Incorporates Armee MH One Renewable Energy With ₹10 Lakh Paid-Up Capital

Armee Infotech Limited incorporated Armee MH One Renewable Energy Private Limited as a wholly owned subsidiary on October 15, 2026, with an initial paid-up capital of ₹10 lakh, fully subscribed by the parent through cash consideration. ScanX reported that the new entity will develop solar photovoltaic power projects, including generation, transmission and electricity sales.

Armee MH One Renewable Energy's Solar Mandate

The subsidiary received its Certificate of Incorporation from the Ministry of Corporate Affairs on October 15, 2026, at 12:36 pm, and is registered in India with the Corporate Identification Number U35105GJ2026PTC185129. The board of directors approved the incorporation at its meeting on September 28, 2026.

The ₹10 lakh paid-up capital comprises 100,000 equity shares with a face value of ₹10 each. The entity operates as a Special Purpose Vehicle for solar power projects and will design, develop, construct, own, operate and maintain solar photovoltaic power projects, along with associated evacuation and transmission infrastructure.

Its business scope covers generating, transmitting, supplying, trading and selling electricity to State Electricity Boards, distribution licensees, government bodies, power exchanges and other consumers. Activities include development of solar photovoltaic power projects, electricity generation and sale under long-term Power Purchase Agreements, engineering, procurement and construction of solar and renewable energy projects, and manufacturing of solar and energy storage equipment. The subsidiary is a related party to the listed entity because of its wholly owned status.

Armee Infotech's Solar Track Record

According to akta.pro company records, Armee Infotech targets a cumulative solar plant of 1GW by 2026 across India. The Ahmedabad-headquartered company, founded in 2003, operates as an IT system integrator serving government, BFSI, education and corporate clients, with renewable energy EPC among its businesses.

Earlier Solar Orders From Bondada Engineering

On August 27, 2026, Armee Infotech said it received two Letters of Award worth ₹740.97 crore, including GST, from Bondada Engineering for EPC BOS packages at a 600 MW AC solar project at Fatehgarh, Rajasthan, BusinessLine reported. Construction World reported on September 2, 2026, that the two letters of award covered engineering, procurement and three years of operations and maintenance, with execution pending definitive agreements.

What Comes Next for Armee Infotech

Armee Infotech reported standalone net profit of ₹2.77 crore for the quarter ended June 30, 2026, up 191% year-on-year, with revenue from operations of ₹273.27 crore, ScanX reported. The board kept a proposal to raise up to ₹450 crore through secured non-convertible debentures under consideration pending due diligence.