Approved further Investment of funds in Iogems Technologies Private Limited, Subsidiary of the Company
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The Board of BCC Fuba India has approved investing Rs. 45.9 lakhs (4,59,000 equity shares at Rs. 10 each) in its subsidiary Iogems Technologies Private Limited (IOGEMS) as part of IOGEMS's Rights Issue of Rs. 90 lakhs. This investment is in proportion to BCC Fuba's existing 51% shareholding in IOGEMS, which it acquired as disclosed on January 23, 2026. Since other shareholders will also participate proportionally, BCC Fuba's 51% stake in IOGEMS will remain unchanged after the rights issue.
This is a routine follow-on capital infusion into an existing subsidiary to maintain the current ownership level, with no change in shareholding percentage. The investment size is relatively small and unlikely to materially affect the stock price or shareholder value.