India Power Corporation Limited (formerly DPSC Limited) announced that its step-down subsidiary, DPSC Distribution Limited (DDL), has become a wholly-owned subsidiary. This was achieved through the purchase of equity shares of DDL on February 27, 2026. DDL, incorporated on December 12, 2024, has an authorized share capital of ₹10 Lakhs and a paid-up share capital of ₹5 Lakhs. Its business activities are in the power sector, aligning with the listed entity's main line of business, although it has not yet commenced operations. The acquisition involved a cash consideration of ₹5,00,000 for 50,000 equity shares, resulting in India Power Corporation Limited acquiring 100% shareholding and control. The transaction is considered an arms-length transaction and is exempted within the ambit of related party transactions between a holding company and its wholly-owned subsidiary.
