New Delhi, Jan. 20 -- Servotech Renewable Power System, a manufacturer of EV chargers, solar products, and power backup solutions, is likely to be on investors' radar during Wednesday's session, January 21, following the incorporation of a new subsidiary.

In its regulatory filing on Tuesday, the company informed that it has incorporated Servotech Foundation as a wholly owned subsidiary of the company, and, therefore, it will be treated as a related party.

The company noted that the subsidiary has yet to commence its business operations.

"It is incorporated as a Section 8 company under the Companies Act, 2013, and will act as the CSR arm of the company to promote, undertake, plan, organise, develop, implement, and execute various corpor...