Passed a resolution to increase its holding by additional 24% in its subsidiary Compliance Kart private Limited by subscribing to CCPS at a price of Rs. 555.88 per share aggregating to ....
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MSL Global Limited's board, at its meeting on July 19, 2025, approved increasing its stake in subsidiary Compliance Kart Private Limited by an additional 24% through subscription to Compulsorily Convertible Preference Shares (CCPS) at ₹555.88 per share, totaling approximately ₹10 crore (₹9,99,98,920.84) for 1,79,893 CCPS. Post-investment, the company's holding in Compliance Kart will rise to 75%. Compliance Kart operates in the Green Technology and Clean Tech sector, focusing on green carbon credits advisory, monetization, marketplace operations, and green project development. The subsidiary's turnover grew from ₹0.674 lakh in FY22 to ₹19.925 lakh in FY24. The transaction is not a related party deal, involves cash consideration, and is expected to be completed within one year.
This is a capital infusion into an existing subsidiary rather than a new acquisition, signaling management's confidence in the green/clean tech business. For shareholders, it represents a directional shift toward the green carbon credits and clean tech space, though the subsidiary's turnover remains small at under ₹20 lakh, so financial impact is likely limited in the near term.