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Patil Automation Limited is acquiring an additional 10% stake in Mii Robotics Private Limited, increasing its total shareholding to 70%.
Patil Automation Limited approved the acquisition of an additional 10% stake in its subsidiary, Mii Robotics Private Limited, for Rs. 0.101 Crore.
Patil Automation Limited incorporated a 90%-owned subsidiary, PAL Green Energy Private Limited, on April 07, 2026. The new entity will focus on solar structures, tracker components, and battery energy storage systems. Patil Automation subscribed to shares for ₹90,000, marking a strategic entry into the renewable energy infrastructure sector.