Update on incorporation of a wholly owned subsidiary of the Company
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Eyantra Ventures Ltd has incorporated a wholly owned subsidiary named 'Eyantra Ventures Inc' in the state of Delaware, USA, effective May 8, 2025. The location was changed from the originally planned Massachusetts after the company decided Delaware would be more advantageous. The subsidiary has been set up with 10,000 common shares at a par value of $0.0001 per share, with Eyantra Ventures Ltd holding 100% of the shareholding. The subsidiary will operate in the Information Technology Consultancy space, with the stated objective of leveraging new growth opportunities in the US market. Approvals from the RBI and Delaware regulatory authorities are being obtained.
This is a strategic step by Eyantra Ventures to enter the US market through a wholly owned IT consultancy arm, which could open up new revenue streams over time. However, since the subsidiary is freshly incorporated with no turnover yet, there is no immediate financial impact on shareholders, and the move should be viewed as a long-term business expansion initiative.