Pursuant to Regulation 30 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to captioned subject, we wish to ....
Awaiting price reaction for this filing.
Clenon Enterprises Ltd has incorporated a wholly owned subsidiary named Clenon Properties Private Limited, with the certificate of incorporation dated January 9, 2026. Clenon Enterprises holds 9,900 equity shares (99% stake) at Rs. 10 each, for a total cost of Rs. 99,000. The new subsidiary has an authorized capital of Rs. 10 lakh and a paid-up capital of Rs. 1 lakh, and will operate in the real estate and logistics industry. The company is yet to commence business operations and has had no turnover. All future transactions between the parent and subsidiary will be conducted at arm's length basis.
This is a routine corporate action that signals Clenon Enterprises is expanding into real estate and logistics, a new business area outside its existing operations. No immediate financial impact as the subsidiary has not started operations and the investment size is small at Rs. 99,000.