APPROVAL FOR INCORPORATION OF WHOLLY OWNED SUBSIDIARY
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Pee Cee Cosma Sope Ltd's Executive Committee, at its meeting on March 25, 2026, approved the incorporation of a wholly owned subsidiary named 'Abhaya Nourishtech Limited.' The new entity will be based in Agra, Uttar Pradesh, with an authorised share capital of Rs. 15 lakh and an initial paid-up capital of Rs. 5 lakh, fully subscribed in cash by the parent company. Abhaya Nourishtech will operate in the milk proteins/plant proteins, food and nutraceutical ingredients, and finished products segment. As a 100% subsidiary, it qualifies as a related party transaction for the listed company.
This move signals Pee Cee Cosma Sope's expansion into the food and nutraceutical space through a dedicated subsidiary. The financial outlay is small, so material impact on the parent company's stock is limited in the near term, but it represents a strategic diversification step that investors should monitor for future business updates.