Announcement under Regulation 30 of SEBI (LODR) - Incorporation of Subsidiary
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CWD Ltd has incorporated a new subsidiary called Meshmerise Networks Private Limited, with the Ministry of Corporate Affairs approving its Certificate of Incorporation on September 22, 2025, in Maharashtra. CWD has subscribed to 5,100 equity shares at Rs. 10 each (totaling Rs. 51,000), giving it a 51% controlling stake in the new entity, which has an authorized capital of Rs. 1,00,000. The subsidiary will operate in the IoT, smart metering, and digital communication solutions space, covering smart energy, utilities, and infrastructure applications. The company states the move is aimed at expanding business operations, driving growth, increasing revenue, and enhancing market share.
The investment amount is very small (Rs. 51,000), so there is no immediate material financial impact, but the move signals strategic intent to scale up in the IoT and smart metering segment, which could support long-term growth narratives for shareholders.