Proposed Incorporation of Wholly Owned Subsidiary
Price
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Awaiting price reaction for this filing.
The Board of Directors of Nettlinx Limited, at its meeting on 28 January 2026, approved the incorporation of a new wholly owned subsidiary named 'COMPAI Limited' in India. The new entity will be based in Hyderabad, Telangana, and will operate in the Software Development and IT Services sector. Nettlinx will hold 100% shareholding by subscribing to an initial paid-up capital of ₹1,00,000 (10,000 equity shares of ₹10 each at par) entirely in cash. The incorporation process is currently underway, and no governmental or regulatory approvals beyond standard registration are required.
This is a small-scale internal restructuring move into the IT services space and is unlikely to have an immediate material impact on the stock price. Shareholders may view it as a modest diversification step, but the very small initial capital suggests it's a strategic or pilot initiative rather than a major business expansion.