Servotech Makes A Big Move, New Wholly-Owned Foundation Announced; Stock Hits 52W-Low

The National Stock Exchange has been notified by Servotech Renewable Power System Limited that it has established Servotech Foundation, its wholly owned subsidiary, as a Section 8 company. As a not-for-profit organization, the recently established Servotech Foundation will serve as the corporation's specialized Corporate Social Responsibility (CSR) division.

Its authorized and paid-up share capital of Rs 1 lakh is divided among 10,000 equity shares, each with a face value of Rs 10. According to the listing rules, Servotech Renewable Power System Limited has a 100% stake in the newly formed entity.
The corporation claims that the foundation was created to organize, promote, and carry out a number of CSR projects in important areas of social development.

In addition to other activities allowed by Schedule VII of the Companies Act, 2013, these include employability, education, entrepreneurship, sustainable development, environmental protection, health, and nutrition. The foundation will function as a non-profit organization under Section 8, emphasizing long-term social effect over monetary gains.

The initial investment in the subsidiary has been made in cash, with Servotech subscribing to the entire share capital of the subsidiary.

The organization has not yet started conducting business, and its formation did not need any governmental or regulatory clearances. The organization further explained that, because of the foundation's new establishment and non-profit status, specifics like turnover are not relevant at this time.

By establishing the Servotech Foundation, the company hopes to provide an organized framework for more efficiently directing its CSR initiatives. This action demonstrates Servotech Renewable Power System Limited's intention to adhere to regulatory disclosure standards while coordinating its sustainability objectives with more general social and environmental obligations.

A major addition to Servotech Renewable Power System Ltd's sustainable mobility portfolio, the company recently announced its entry into the rapidly expanding electric three-wheeler market. The news was made during SUNKALP, the company's yearly flagship event.

As part of this growth, Servotech introduced Zest, a specialized battery charger intended to improve charging efficiency and vehicle uptime for three-wheeler OEMs, Dealers, and Distributors, and SULTAN, a lithium-ion battery made especially for electric three-wheelers. To bolster its renewable energy capabilities, the business recently unveiled Voltie, a 2 kW on-grid solar inverter designed for household and small-scale commercial use.

Over the past year, the stock's performance has drastically changed. The counter has experienced persistent selling pressure since reaching a 52-week high of Rs 168.50 on June 4, 2025, bringing it extremely close to its yearly low. The stock is just slightly above its 52-week low of Rs 63.10 reached on January 21, 2026, at the current market price of Rs 64, reflecting persistent weakness and subdued investor confidence.

The stock has sharply declined by more than 62% from its 1-year high, indicating a substantial decline in market value. All things considered, the stock's performance at the present market price highlights a significant negative trend during the last several months.

The NSE-listed company Servotech Renewable Power System Limited (formerly known as Servotech Power Systems Ltd.) creates technologically advanced EV charging systems.