Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Incorporation of Wholly-Owned Subsidiary.
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Synthiko Foils Limited has set up a fully-owned subsidiary called DC&T Defence Limited, which received its incorporation certificate on February 7, 2026. The new entity has an authorised share capital of Rs. 15 lakhs and a paid-up capital of Rs. 10 lakhs, with the parent company subscribing to 1,00,000 equity shares of Rs. 10 each in cash, giving it 100% ownership. DC&T Defence will operate in the defence sector, focusing on research, design, engineering, manufacturing, trading and servicing of energy, digital and infrastructure solutions, including renewable power, data centres and allied technologies for defence, government and other sectors. The company is newly incorporated and has not yet started business operations.
This is a small, capital-light diversification step into the defence and emerging-tech space for Synthiko Foils, with negligible immediate financial impact. Shareholders should view it as a long-term strategic move rather than a near-term value driver, since the subsidiary is yet to start operations.