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Awaiting price reaction for this filing.
Quantum Digital Vision (India) Ltd held a board meeting on 22 May 2025 from 2:00 p.m. to 4:00 p.m. The board considered and approved the incorporation of a Wholly Owned Subsidiary (WOS) to be set up 'anywhere' (location not specified). The company is registered in Mumbai with CIN L35999MH1980PLC304763. No further details about the WOS's name, capital, purpose, or business activities were disclosed in this filing.
Incorporating a wholly owned subsidiary gives the parent company flexibility to pursue new businesses or ring-fence specific operations under a separate entity. For shareholders, the financial impact is unclear at this stage since key details like capital infusion, business activity, and funding source have not been disclosed.