Incorporation of Wholly Owned Subsidiary Company in Australia by the name EXATO TECHNOLOGIES PTY LTD.
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Exato Technologies Ltd has incorporated a wholly owned subsidiary named EXATO TECHNOLOGIES PTY LTD in New South Wales, Australia on March 20, 2026. The subsidiary has an initial paid-up capital of AUD 75,000 (75,000 shares at AUD 1 each), fully subscribed by the parent company in cash. It will operate in the IT industry, focusing on software design, development, deployment, and other IT-enabled services. The move follows board approval granted on February 13, 2026, and the company has confirmed it is not a related party transaction or an acquisition from an external party.
This is a small, strategic step to set up an offshore presence in Australia for IT services, with limited immediate financial impact given the modest capital outlay. Shareholders should view it as an early-stage international expansion move rather than a material value driver in the short term.