Intimation as an update on wholly owned subsidiary pursuant to regulation 30 of LODR
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Globtier Infotech has set up a new wholly owned subsidiary called Globtier UK Limited, incorporated in the United Kingdom on 23 October 2025. The new entity will operate in the same line of business - information technology and IT-enabled services. Globtier Infotech will hold 100% of the shareholding in the new subsidiary. No cost of acquisition or pricing details were disclosed since the company is newly incorporated and fully owned by Globtier. Necessary government approvals have already been obtained. This is a step toward international expansion through a fully owned subsidiary rather than a joint venture or third-party acquisition.
This is a routine corporate expansion move aimed at building an international footprint in the UK. For shareholders, it signals management's intent to grow the IT services business overseas, though the financial impact is likely to be small in the near term since no capital cost or revenue figures were mentioned.