Incorporation Of A Section 8 Not-For-Profit Subsidiary For ITI Bhiwadi PM-SETU Project

H.G. Infra Engineering has incorporated H.G. Talent Edge Foundation ITI Bhiwadi on October 10, 2026, as a Section 8 not-for-profit company.

Sun 11 Oct 2026

Incorporation Date

October 10, 2026

Authorised and Subscribed Capital

Authorised capital Rs. 100,000 and subscribed capital Rs. 1,00,000, each in 10,000 equity shares of Rs 10/- each

Initial Subscription

51%: Rs. 51,000/- in 5,100 equity shares of Rs. 10/- each, cash consideration

Incorporation of a not-for-profit subsidiary

H.G. Infra Engineering Limited has incorporated a company named H.G. Talent Edge Foundation ITI Bhiwadi on October 10, 2026, under Section 8 of the Companies Act, 2013, as a not-for-profit organisation.

The update states that under the conditions stipulated in the Request for Proposal (RFP) of the project, the company was required to establish a Special Purpose Vehicle (SPV) in the form of a not-for-profit company under Section 8.

Why this entity exists

• The stated objects are to establish, operate and act as a non-profit special purpose vehicle for supporting the implementation of the PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs) scheme of the Government of India.
• This follows the earlier announcements of the receipt of a letter of award from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan, for Operation and Management of the ITI Bhiwadi Cluster under Component-I of PM-SETU.
• The new entity is incorporated in India and is yet to commence its business operations.

The numbers

• Authorised capital: Rs. 100,000, divided into 10,000 equity shares of Rs 10/- each.
• Subscribed capital: Rs. 1,00,000, divided into 10,000 equity shares of Rs 10/- each.
• Initial subscription: 51% of the share capital, amounting to Rs. 51,000/-, divided into 5,100 Equity Shares of Rs. 10/- each.
• The consideration is cash consideration.
• Size and turnover are stated as not applicable, as the entity is yet to commence business operations.

Related party position

• H.G. Talent Edge Foundation ITI Bhiwadi, being a subsidiary, is a related party, and the transaction falls within the ambit of related party transactions.
• Apart from the shares held by the company in this entity and the directorship held by promoters, promoter group or group companies, the update states they have no interest.
• No governmental or regulatory approvals are stated as required for the acquisition, and no indicative time period for completion is stated as applicable.

Stated impact

• The update states that as it is a newly incorporated company, there is no impact on the Company.

What this means for a reader

This is the formal creation of a small, not-for-profit arm set up because the project's RFP required it. The money involved is the initial subscription of Rs. 51,000/- for a 51% holding, and the new entity has not started operations yet.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.