Proposed Incorporation of a Subsidiary Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Digilogic Systems Ltd's board has approved the incorporation of a new subsidiary named 'Abhedhya Systems Private Limited' to be based in Hyderabad. The new company will operate in the Radio Frequency (RF) and Microwave engineering solutions sector, developing and manufacturing related products. Digilogic Systems will hold 80% stake in the subsidiary with an initial investment of Rs 4,00,000 for 40,000 equity shares. The authorized capital of the new entity is Rs 15 lakh with paid-up capital of Rs 5 lakh.
This represents a strategic diversification into the RF and Microwave engineering space, which could expand Digilogic's product portfolio and revenue base. The move signals expansion intent rather than any negative restructuring, though the small initial investment suggests this is in early stages.