Linc Limited has informed the Exchange regarding 'Incorporation of Joint Venture Company'.
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Linc Limited has incorporated a new joint venture company called 'Linc On Ecommerce Private Limited' on 8th July 2025, in partnership with Ondesk Ventures Private Limited. The JV has an authorised capital of Rs. 3 crore and subscribed capital of Rs. 1.5 crore, with Linc holding 65% and Ondesk holding 35%. The new entity will handle sales and distribution of Linc's stationery and writing products in India through e-commerce and online channels. Shares were subscribed at face value of Rs. 10 each, with cash consideration. The JV falls outside related party transactions, with no promoter or group company interest beyond Linc's own 65% stake.
This JV gives Linc a dedicated online sales vehicle, which could help capture the growing e-commerce demand for stationery products and potentially boost revenues over time. The 65% controlling stake ensures Linc consolidates the JV's financials and retains strategic control of its online distribution.