APPROVAL OF INCORPORATION OF WHOLLY OWNED SUBSIDIARY
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pee Cee Cosma Sope Ltd has approved the incorporation of a new wholly owned subsidiary named 'Abhaya Nourishtech Limited' through a meeting of its Executive Committee on March 25, 2026. The new subsidiary will operate in the milk proteins, plant proteins, food and nutraceutical ingredients, and finished products sector. The proposed company will have an authorised share capital of Rs. 15 lakh and paid-up capital of Rs. 5 lakh, with the parent company subscribing to 100% of the initial paid-up capital in cash. The registered office will be in Agra, Uttar Pradesh. Since it will be a wholly owned subsidiary, it qualifies as a related party transaction.
This is a modest step into the food and nutraceutical space through a fully-owned subsidiary funded entirely by internal cash. The financial impact is minimal given the small capital base (Rs. 5 lakh paid-up), but it signals management's intent to diversify beyond the company's existing soap/cosmetics business. Shareholders should watch for further announcements on the subsidiary's actual operations and capital deployment.