NSEGeneral Updates30 Jun 2026 · 30 Jun 2026, 07:56 pm
General Updates
CESC Limited · CESC
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CESC Limited has informed the Exchange about the incorporation of a Wholly Owned Subsidiary Company named Novarion Power Private Limited (NPPL) by Crescent Power Limited, a subsidiary of the Company.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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CESC Limited has informed the Exchange about General Updates
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DOC:SEC:1859/2026-27/120 June 30,2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, Dalal
G- Block, Bandra – Kurla Complex, Street,
Bandra (East), Mumbai – 400 001
Mumbai – 400 051 SCRIP CODE: 500084
SCRIP CODE: CESC
Dear Sir/ Madam,
Sub: Incorporation of Subsidiary Company
Ref: Disclosure under Regulation 30 read with Schedule III of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI
Listing Regulations, 2015”)
Pursuant to provisions of Regulation 30 of SEBI Listing Regulations, 2015, it is hereby
informed that Crescent Power Limited, a subsidiary of the Company has incorporated a
Wholly Owned Subsidiary Company named Novarion Power Private Limited (NPPL)
(CIN: U35106WB2026PTC288690) on June 30, 2026.
We request you to kindly take the above information on record and oblige.
Thanking you
Yours faithfully,
For CESC Limited
Jagdish Patra
Company Secretary & Compliance Officer
Annexure-A
Particulars Details
1. Name of the target entity, details in Name of the subsidiary incorporated:
brief such as size, turnover etc. Novarion Power Private Limited (NPPL).
Turnover: Not applicable as it is a newly
incorporated Company.
2. Whether the acquisition would fall NPPL has been incorporated as a wholly owned
within related party transaction(s) and subsidiary (“WOS”) of Crescent Power Limited
whether the promoter/ promoter group/ (“Crescent”) (a subsidiary of the Company).
group companies have any interest in
the entity being acquired? If yes,
nature of interest and details thereof
and whether the same is done at
“arm’s length”
3. Industry to which the entity being Renewable power sector
acquired belongs
4. Objects and impact of acquisition NPPL will explore opportunity in renewable power
(including but not limited to, sector.
disclosure of reasons for acquisition of
target entity, if its business is outside
the main line of business of the listed
entity)
5. Brief details of any governmental or Not applicable as NPPL is a newly incorporated
regulatory approvals required for the Company.
Acquisition
6. Indicative period for completion of the Not applicable as NPPL has been newly
acquisition incorporated.
7. Consideration - whether cash NPPL is a WOS of Crescent. The subscribed and
consideration or share swap or any paid-up capital of NPPL is Rs. 1,00,000/- (Rupees
other form and details of the same One Lakh Only)
8. Cost of acquisition and/or the price at Please see point (7) above.
which the shares are acquired
9. Percentage of shareholding / NPPL has been incorporated as a WOS of Crescent.
control The Company holds 67.83 % in Crescent.
acquired and / or number of shares
acquired
10. Brief background about the entity Please see point (1) to (4) above.
acquired in terms of products/line of
business acquired, date of Date of Incorporation is June 30, 2026.
incorporation, history of last 3 years
turnover, country in which the
acquired entity has presence and any
other significant information (in brief)