Please find enclosed the detailed disclosure for incorporation of subsidiary company
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K. V. Toys India's board, at its meeting on January 10, 2026, approved incorporating a new subsidiary called Crayonix Stationery Private Limited. The company will hold 65% equity in this new entity, which will manufacture stationery items like crayons, colour pencils, notebooks, geometry boxes, and gift sets. The initial investment is just Rs 65,000 in cash, making this a greenfield entry rather than an acquisition of an existing business. No regulatory approvals are required, and the deal is expected to close within 2 months. The move is aimed at expanding the company's product portfolio beyond toys into the stationery and gifting market with in-house manufacturing capabilities.
This is a small, strategic diversification move into stationery. The negligible initial investment (Rs 65,000) means minimal financial risk for shareholders, but the real test will be future capital infusion needs and whether the stationery vertical can scale profitably. The stock price impact is likely limited in the short term given the tiny size of this commitment.