Exhibit 21.1
ARGAN, INC. AND SUBSIDIARIES
LIST OF COMPANIES
JANUARY 31, 2026
Company Name | | Place of Incorporation/ | | % Ownership |
| | | | |
Argan, Inc. (“AGX”) | | Delaware | | Parent |
100%-Owned Subsidiaries of AGX | | | | |
Gemma Power Systems, LLC (“GPS”) | | Connecticut | | 100% |
Gemma Power Hartford, LLC | | Connecticut | | 100% |
Gemma Power, Inc. | | Connecticut | | 100% |
Southern Maryland Cable, Inc. | | Delaware | | 100% |
AGX International Limited (“AGXI”) | | Ireland | | 100% |
Atlantic Projects Company, Inc. | | New York | | 100% |
TRC Acquisition, LLC (“TRCA”) | | Delaware | | 100% |
100%-Owned Subsidiaries of GPS | | | | |
Gemma Renewable Power, LLC | | Delaware | | 100% |
Gemma Plant Operations, LLC | | Delaware | | 100% |
100%-Owned Subsidiary of TRCA | | | | |
The Roberts Company, Inc. | | Delaware | | 100% |
100%-Owned Subsidiary of AGXI | | | | |
Atlantic Projects Company Limited (“APCL”) | | Ireland | | 100% |
100%-Owned Subsidiary of APCL | | | | |
Atlantic Projects Company (UK) Limited | | United Kingdom | | 100% |
Atlantic Power Contractors Limited | | Hong Kong | | 100% |
| | | | |
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