Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015 (the Listing Regulation)- Incorporation of Wholly Owned Subsidiary in Hong Kong
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NAPS Global India Limited has incorporated a Wholly-Owned Subsidiary (WOS) named 'NAPS Global HK Limited' in Hong Kong. The subsidiary was incorporated on March 13, 2026, with an authorized capital of HKD 1,00,000 (approximately INR 11.86 lakh). The company subscribed to 10,000 shares at HKD 10 each, acquiring 100% ownership. The WOS has not yet commenced business operations and currently has zero turnover. The stated objective is to capture overseas markets and expand business. This is not a related party transaction.
This WOS incorporation signals the company's intent to expand internationally, though with minimal capital commitment. Shareholders may view this as a strategic move for overseas market penetration, but the small investment size suggests early-stage exploration rather than immediate material impact on financials.