STEAMHOUSESteamhouse India Ltd.
Steamhouse India incorporates wholly owned waste-to-steam subsidiary
- Mergers & acquisitions
- Waste-to-steam and thermal energy infrastructure
Reviewed byKeshav SehgalBlacklitt Research
Steamhouse India (NSE: STEAMHOUSE) has incorporated Steamhouse (Panoli WTS) India Private Limited as a wholly owned subsidiary, it said in a filing on 06 Nov 2026. The company says the incorporation aligns directly with its core operational objects and long-term expansion strategy. The subsidiary's initial subscribed capital is ₹1 lakh.
The subsidiary's stated business and capital
The subsidiary's objects are to establish, operate and manage waste-to-steam generation plants, industrial boilers, waste processing facilities and allied infrastructure. They also cover generating, supplying and distributing steam, thermal energy, power and industrial gases, and executing turnkey EPC and O&M services.
Its authorised capital is ₹10 lakh, divided into 1,00,000 equity shares of ₹10 each. Steamhouse India holds 9,999 shares, or 99.99%, for a subscription of ₹1 lakh at par, paid in cash. Vishal Sanwarprasad Budhia holds the remaining 1 nominee share. The certificate of incorporation was issued by the Registrar of Companies, Gujarat at Ahmedabad.
How it fits the company
Steamhouse India's latest reported quarter, Q2 FY27, showed consolidated total income of ₹129.49 crore and net profit of ₹7.77 crore, and the company's market value was ₹3,661 crore at the 05 Nov 2026 close. Against that base, the subsidiary's ₹1 lakh of initial capital is small. The filing does not say how the subsidiary will be funded beyond this amount.
What the subsidiary means for Steamhouse India's shareholders
The capital put in at incorporation is nominal, and the filing gives no expected financial impact on the parent. It does not say when the subsidiary will start operations, which projects or plant locations it will pursue, or why Panoli and this line of business were chosen.
At a glance
| Item | Detail |
|---|---|
| Subsidiary | Steamhouse (Panoli WTS) India Private Limited |
| Incorporated | 06 Nov 2026 |
| Authorised capital | ₹10 lakh (1,00,000 equity shares of ₹10 each) |
| Initial subscribed capital | ₹1 lakh (10,000 equity shares of ₹10 each, cash at par) |
| Holding | Steamhouse India 99.99%; nominee 0.01% |
| Stated business | Waste-to-steam generation, industrial boilers, steam and thermal energy supply |
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.