Intimation of Incorporation of a subsidiary Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Darjeeling Industriies Limited has announced the incorporation of a new subsidiary named 'NOVVA DEFENCE IINDS LIMITED'. The subsidiary was approved by MCA on 30th January, 2026 with an authorised share capital of Rs. 10 lakh and paid-up capital of Rs. 9,99,600. Darjeeling Industries holds 99.64% of the subsidiary's shares through 100% cash subscription at face value. The new subsidiary will operate in industrial manufacturing and defence systems, including manufacturing defence equipment, arms, ammunition, military vehicles, aerospace systems, and providing MRO services. This qualifies as a related party transaction as the listed company's Director Ashok Jain and Viha Jain are also subscribers of the new company. The subsidiary is yet to commence business operations.
This filing signals a significant diversification into defence and industrial manufacturing, which is a new line of business for the listed entity. The move could expand the company's revenue base but carries execution risk as the subsidiary is newly incorporated with no operational history.