We hereby informed that Purple Wave Infocom Limited has incorporated a new wholly owned subsidiary namely Nano Theatre Private Limited in the state of Delhi on 30th March 2026
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Purple Wave Infocom has set up a new wholly owned subsidiary called Nano Theatre Private Limited, incorporated in Delhi on 30 March 2026. The new entity will operate in the AV (Audio-Visual) Industry and is aimed at expanding the company's AV business. It has an authorized and paid-up capital of Rs. 1 lakh (10,000 shares at Rs. 10 each), with the entire shareholding held by Purple Wave. The subscription is at face value in cash, and no promoter or group company has any separate interest in the new entity.
A small capital infusion (Rs. 1 lakh) into a newly formed subsidiary signals a strategic move into the AV segment. It is not financially material in the near term, but it shows the company is exploring new business avenues which could be worth tracking for future growth or losses.