The six subsidiaries in numbers
| Subsidiary | Incorporated | Share capital | Stated business |
|---|
| Juniper Green Field Fifteen Private Limited | 17 Oct 2026 | ₹15,00,000 | Development, establishment and operation of renewable power generation projects |
|---|
| Juniper Green Gem Fifteen Private Limited | 17 Oct 2026 | ₹15,00,000 | Development, establishment and operation of renewable power generation projects |
|---|
| Juniper Green Stellar Fifteen Private Limited | 20 Oct 2026 | ₹15,00,000 | Development, establishment and operation of renewable power generation projects |
|---|
| Juniper Green Beta Eight Private Limited | 20 Oct 2026 | ₹15,00,000 | Development, establishment and operation of renewable power generation projects |
|---|
| Juniper Green Cosmic Fifteen Private Limited | 21 Oct 2026 | ₹15,00,000 | Development, establishment and operation of renewable power generation projects |
|---|
| Juniper Green Kite Fifteen Private Limited | 21 Oct 2026 | ₹15,00,000 | Development, establishment and operation of renewable power generation projects |
|---|
| Total, six entities | | ₹90,00,000 | |
|---|
Subsidiaries set up on 17 and 21 Oct 2026
Juniper Green Field Fifteen Private Limited and Juniper Green Gem Fifteen Private Limited were incorporated on 17 Oct 2026. Juniper Green Cosmic Fifteen Private Limited and Juniper Green Kite Fifteen Private Limited were incorporated on 21 Oct 2026. A wholly owned subsidiary is a company whose entire share capital is held by its parent, here the listed company. For all six entities the filings state a 100% holding, cash consideration, and no governmental or regulatory approvals required for the incorporation. Each filing gives the same business line: development, establishment and operation of renewable power generation projects.
Capacity commissioned on 12 and 16 Oct 2026
On 12 Oct 2026 the company said it had fully commissioned its 150 MW wind-solar hybrid power project under a power purchase agreement with Gujarat Urja Vikas Nigam Limited, with the final 5 MW wind turbine commissioned at the project site that day. Officials of Gujarat Energy Development Agency and Paschim Gujarat Vij Company Limited witnessed and confirmed the commissioning, and a formal certificate is expected shortly. Aggregate operational capacity of the company and its subsidiaries was then about 2,745 MWp and 603 MWh of battery storage (BESS).
On 16 Oct 2026 subsidiary Juniper Green Stellar Private Limited commissioned 65.40 MW of wind power capacity forming part of its 200 MW firm and dispatchable renewable energy project. Capacity under that project now stands at 434.35 MWp and about 201 MWh BESS, out of a planned 550.6 MWp and about 201 MWh BESS. Aggregate operational capacity was then about 2,811 MWp and 603 MWh BESS.
What the new subsidiaries mean for Juniper Green shareholders
For shareholders, the filings show six new wholly owned entities with ₹90,00,000 of share capital subscribed in cash, and capacity updates that bring aggregate operational capacity to about 2,811 MWp. The filings do not say what the new entities will build, how they will be financed beyond that share capital, or when they will start operating. In the quarter to 30 Jun 2026 (Q1 FY27), consolidated revenue was ₹324.21 crore and net profit was ₹33.45 crore. The next step the filings describe is the formal certificate for the 150 MW project, expected shortly after 12 Oct 2026.
Reference: Original filing (PDF)
