DISCLOSURE UNDER REGULATION 30 FOR PROPOSED 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 resolution passed by the Executive Committee of the Board on April 23, 2026. The new subsidiary will operate in the milk proteins, plant proteins, food and nutraceutical ingredients, and finished products space, with its registered office proposed to be in Agra, Uttar Pradesh. The company has an authorised share capital of Rs. 5 crore and a proposed paid-up capital of Rs. 4 crore (divided into 40 lakh equity shares of Rs. 10 each), with Pee Cee Cosma Sope subscribing to 100% of the initial paid-up capital in cash. This is a revised announcement following an earlier intimation dated March 25, 2026, and is classified as a related party transaction since the new entity will be entirely owned by the listed parent company.
For shareholders, this signals the company's strategic expansion into the food and nutraceutical segment, which is a new business area beyond its existing soap/cosmetics operations. While the Rs. 4 crore cash investment is relatively modest, the move could diversify revenue streams over time, though near-term financial impact is likely limited.