change in nominee shareholder of subsidiary company
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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's Executive Committee approved a change in nominee shareholders of its wholly owned subsidiary, India Trading Infra Limited. The outgoing nominee was Mayank Jain (holding 1 equity share of Rs. 10), replaced by incoming nominee Prabhav Jain (1 equity share of Rs. 10). The company explicitly clarifies that this change is administrative in nature, carries no change in beneficial ownership, and does not alter the wholly-owned status or control structure of the subsidiary. The company filed this as a matter of good governance, noting it does not fall under the material events specified in SEBI LODR regulations.
This is a routine administrative change with no material impact on the company's shareholding, ownership structure, or stock price. The subsidiary remains fully owned and controlled by the parent company.