The Company has incorporated a subsidiary company with name Mundada Polymers Private Limited. MCA has issued a certificate of incorporation on February 05, 2026.
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Awaiting price reaction for this filing.
Bai-Kakaji Polymers Ltd has incorporated a new wholly owned subsidiary named Mundada Polymers Private Limited (MPPL), with the Certificate of Incorporation issued by the MCA on February 05, 2026. MPPL has an authorized and paid-up share capital of Rs. 10 lakh (1,00,000 equity shares of Rs. 10 each), and Bai-Kakaji Polymers will hold 100% of its share capital. The subsidiary belongs to the polymers industry and is being set up to take over the entire business of 'Mundada Polymers' (currently a proprietorship) as a going concern. It will also engage in manufacturing and trading of flexible plastic films, polymer films, specialty films, and packaging films. No turnover details are available since the entity was just incorporated.
This is a routine corporate restructuring where the company is converting a proprietorship business into a wholly owned subsidiary, which is positive as it provides a structured vehicle for growth in the polymer films business. Minimal immediate impact on stock price expected since the capital involved is small (Rs. 10 lakh), but it signals business expansion intent.