We hereby submit intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 for Incorporation of Subsidiary Company.
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Cryogenic OGS Limited has incorporated a new subsidiary named INFRAVOLT ENGINEERING PRIVATE LIMITED, with the Certificate of Incorporation issued on 4th May 2026. The parent company will hold 51% stake by subscribing to 25,500 equity shares at face value of ₹10 per share, involving a cash outlay of ₹2,55,000. The subsidiary is in the engineering sector and will focus on manufacturing precision components for power, energy, and railway infrastructure applications. This move is aimed at expanding business operations and achieving backwards integration in related industry segments. The subsidiary has an authorised capital of ₹10 lakh and paid-up capital of ₹5 lakh.
The incorporation of this subsidiary represents a strategic expansion into new engineering segments, which could be positive for future revenue growth. However, since it is a minority stake (51%), the impact on Cryogenic's consolidated financials will be gradual.