Enclosed herewith intimation of incorporation of Wholly Owned Subsidiary.
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B-Right Realestate Limited has incorporated a new Wholly Owned Subsidiary named Brightsky Luxespace Private Limited on 16th March 2026, with 100% shareholding. The new entity has an authorized capital of Rs. 10 Lakhs and a paid-up capital of Rs. 1 Lakh (10,000 equity shares at Rs. 10 each), entirely funded through cash. The subsidiary is registered in Mumbai and will operate in the real estate development sector. The company is newly incorporated and has not yet commenced business operations, with zero turnover reported so far. The acquisition is not classified as a related party transaction, and no promoter interest beyond the company's 100% stake is involved.
This is a routine corporate restructuring move to set up a dedicated vehicle for real estate development, with minimal capital outlay (Rs. 1 Lakh). Shareholders should view this as a forward-looking expansion step rather than a near-term value driver, as the subsidiary has yet to begin operations.