INTIMATION OF RECEIPT OF INCORPORATION OF WHOLLY OWNED SUBSIDIARY
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pee Cee Cosma Sope Ltd has incorporated a new wholly owned subsidiary named 'Pee Cee Energy and Reality Limited' on 27 March 2026, registered in India. The new subsidiary will operate in the energy, realty, and other infrastructure-related trading activities. The parent company invested Rs. 5,00,000 by subscribing to 50,000 equity shares of face value Rs. 10 each at par, paid in cash. The subsidiary has an authorised share capital of Rs. 15 lakhs and a paid-up capital of Rs. 5 lakhs. Since the subsidiary is wholly owned, it qualifies as a related party transaction. The company's core business remains soaps and cosmetics based on its name and operations.
This is a small capital deployment (Rs. 5 lakhs) into a new subsidiary, so there is minimal immediate financial impact on the parent company. It signals a possible diversification move into energy and realty sectors, but shareholders should watch for further clarity on business plans and capital infusion into the new subsidiary.