inter-alia, considered the following businesses: 1. Approved Proposal to Incorporate a Subsidiary in Dubai 2. Authorization to Mr. Curt Marvis, Director and Mr. Rajnandan Mishra, Managing ....
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Chatterbox Technologies Ltd's board, meeting on October 10, 2025, approved the incorporation of a new subsidiary in Dubai, UAE, tentatively named Chatterbox International. The subsidiary will operate in the Advertising and Media sector with a focus on marketing platforms and agency services, and Chatterbox will hold a 60.20% equity stake funded through cash consideration. The new entity will be a related party since promoters are interested in the transaction. Additionally, the board approved a change of vendors for utilisation of public issue proceeds, aligned with the original objects stated in the Red Herring Prospectus. The board also authorised officials to sign documents related to the Dubai incorporation and the proposed new registered office of the company.
The Dubai subsidiary marks Chatterbox's first international expansion, potentially opening new revenue streams in the Gulf region, though the entity is yet to be incorporated so there is no immediate financial impact. The change in IPO proceeds vendors may signal a shift in how the company plans to deploy its public issue funds, which shareholders should monitor closely.