Enclosed herewith Reg 30 Disclosure for Incorporation of wholly owned subsidiary in Denmark
Awaiting price reaction for this filing.
Nutricircle Ltd has incorporated a wholly-owned subsidiary, Nutricircle Europe ApS, in Aarhus, Denmark on 20th May 2026. The new entity will focus on plant-based ingredients, food products, and processing and preservation of fruit and vegetable products, aimed at exploring new business opportunities in Europe. Nutricircle holds 100% of the share capital, which stands at DKK 20,000 (approximately Rs. 3,00,000), with additional incorporation costs estimated at DKK 15,000. The transaction qualifies as a related party deal since the company's Managing Director, Hitesh Mohanlal Patel, also serves as Executive Director of the new subsidiary. The subsidiary is yet to commence business operations and no turnover history is available.
The investment size is very small (around Rs. 3 lakh), so the immediate financial impact on shareholders is minimal. However, the move signals an intent to expand into the European plant-based protein market, though execution risk remains as the subsidiary has not yet started operations.