FIIs sold 49,64,107 shares of this penny stock below Re 1: Company incorporates a wholly-owned subsidiary for the solar business

DSIJ Intelligence-1 / 29 Aug 2025/ Categories: Penny Stocks, Trending

FIIs sold 49,64,107 shares of this penny stock below Re 1: Company incorporates a wholly-owned subsidiary for the solar business

The stock often suffers from low liquidity, a lack of transparent financial information and susceptibility to pump-and-dump schemes.

Dharan Infra-EPC Limited has announced the incorporation of a wholly-owned subsidiary named Dharan Infra Solar Private Limited. The new entity, with its registered office in Nashik, Maharashtra, was officially incorporated on August 27, 2025. The subsidiary's purpose is to engage in all aspects of the renewable energy business, with a specific focus on solar power. This includes the manufacturing, design, development, and trading of solar modules, cells, and related accessories, as well as the operation of solar power projects.

The parent company, Dharan Infra-EPC Limited, has subscribed to the entire initial paid-up share capital of Rs 1,00,000 for the new subsidiary, which amounts to 10,000 equity shares with a face value of Rs 10 each. The incorporation is part of a strategic move to expand the company's presence in the renewable energy and solar power sector, complementing its existing business operations. No specific governmental or regulatory approvals were required beyond the standard incorporation process.

Dharan Infra-EPC Ltd (formerly known as KBC Global Ltd), established in 2007, focuses on real estate construction, development, and civil contracts (EPC). The company primarily builds residential and commercial projects but has recently expanded into large-scale infrastructure like railways, roads, bridges, and ports, and even renewable energy through Dharan Infra Solar Pvt Ltd.

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The company has a market cap of over Rs 200 crore. One must beware of this penny stock trading under Re 1, as it is inherently highly volatile and speculative, posing a significant risk of capital loss. The stock often suffers from low liquidity, a lack of transparent financial information and susceptibility to pump-and-dump schemes. In March 2025, multibagger-defence-stock-hits-an-all-time-high-fiis-bought-21022112-shares-diis-bought-4240713-shares-id001-52040">FIIs sold 49,64,107 shares or 0.19 per cent stake of the company.

Disclaimer: The article is for informational purposes only and not investment advice.