Physicswallah Limited has informed the Exchange regarding 'Update on incorporation of Wholly Owned Subsidiary of the Company'.

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AI summary

Physicswallah Limited has informed the stock exchanges that the Ministry of Corporate Affairs has approved the incorporation of its Wholly Owned Subsidiary in India, to be named 'Physicswallah Student Housing Private Limited'. This is a follow-up to the company's earlier intimation dated February 05, 2026, when the Board of Directors had approved setting up this subsidiary. The new entity will operate in the student housing space, aligning with Physicswallah's core education business. The full details of the incorporation were previously submitted to the exchanges on February 5, 2026. Ajinkya Jain, Group General Counsel and Company Secretary, signed off on the disclosure.

Likely market impact

This is a routine update confirming the formal registration of a new wholly owned subsidiary focused on student housing. It signals Physicswallah's expansion into adjacent student-services infrastructure, but since the subsidiary is 100% owned, there is no dilution or material change in shareholding for existing investors.