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ArMee Infotech shines on incorporating wholly owned subsidiary

19 Oct 2026 Evaluate

Armee Infotech is currently trading at Rs. 264.95, up by 4.65 points or 1.79% from its previous closing of Rs. 260.30 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 264.35 and Rs. 251.40 respectively. So far 26712 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 372.00 on 30-Sep-2026 and a 52 week low of Rs. 236.00 on 14-Oct-2026.

Last one week high and low of the scrip stood at Rs. 265.00 and Rs. 236.00 respectively. The current market cap of the company is Rs. 832.63 crore.

The promoters holding in the company stood at 69.35% while public held 30.65% stake in the company. 

ArMee Infotech has incorporated a Wholly Owned Subsidiary (WOS) namely ‘Armee MH One Renewable Energy’. The WOS has been incorporated with the primary objective to design, develop, construct, own, operate and maintain solar photovoltaic power projects and associated evacuation and transmission infrastructure, and to generate, transmit, supply, trade and sell electricity to State Electricity Boards, distribution licensees, government bodies, power exchanges and other consumers, including under long-term Power Purchase Agreements, along with undertaking engineering, procurement and construction of solar and renewable energy projects and other incidental and ancillary activities. 

The WOS shall act as a Special Purpose Vehicle of ArMee Infotech for the development of solar power project(s). 

ArMee Infotech is a technology infrastructure and managed services company focused on delivering mission-critical solutions to Government departments, Public Sector Undertakings (PSUs), and the BFSI sector.

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