Incorporation of a Subsidiary Company in the name of Game Changers Retails Private Limited
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Game Changers Texfab Ltd has incorporated a new subsidiary called Game Changers Retails Private Limited on February 18, 2026, based in Gurgaon, Haryana. The subsidiary will focus on retail operations in high-end and designer clothing, aligning with the parent's strategy to explore premium fashion retail through a separate structure. Game Changers Texfab holds 80% of the subsidiary (80,000 equity shares at Rs. 10 each, totaling Rs. 8 lakh), while Mr. Pramod Kumar Agarwal holds the remaining 20% (Rs. 2 lakh), with total paid-up capital of Rs. 10 lakh funded in cash. The subsidiary is a newly incorporated entity with nil turnover and no transfer of existing business or assets from the parent. This is classified as a related party transaction, though promoters and group companies have no direct interest in the new entity.
This is a small, strategic expansion into fashion retail by the listed textile company, with modest initial capital outlay of Rs. 10 lakh. The subsidiary is unrelated to the core textile/fabric business of the parent, so investors should watch for future capital infusion, business traction, and any shift in focus from the parent's existing operations.