Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and SEBI Circular dated November 11, ....
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AccelerateBS India has approved an addendum to its earlier board resolution to set up a wholly-owned subsidiary in the USA. The new entity will operate in the Computers – Software & Consulting industry and is expected to be incorporated within the next three months. The initial investment is modest — 5,000 equity shares of USD 1 each, totalling USD 5,000 (about INR 5 lakh) — through the automatic route for overseas direct investment. The company says the move is aimed at supporting long-term growth, expansion, and business development. The subsidiary will be fully owned (100%) by AccelerateBS India.
The investment size is very small relative to the company's operations, so near-term financial impact is minimal. However, a US-based subsidiary could open doors to the North American market, which may be positive for long-term growth and revenue diversification. Shareholders should watch for further updates on the subsidiary's actual business activities once incorporated.