Intimation of Incorporation of Wholly Owned Subsidiary in the name of SATCHMO SERVICES PRIVATE LIMITED incorporated on Jan 21, 2026 to promote the new business of Facility Management Services ....
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Satchmo Holdings Limited has incorporated a new wholly owned subsidiary named 'Satchmo Services Private Limited' on January 21, 2026, to venture into the facility management services business. The subsidiary has an authorized capital of Rs. 10 lakh and paid-up capital of Rs. 1 lakh, with Satchmo Holdings subscribing to 10,000 equity shares of Rs. 10 each (totaling Rs. 1 lakh) for 100% ownership. The new entity is registered in Bangalore with Mr. Ramesh Karur Raghavendran and Mr. Pradeep Narayan as its first directors, and will require PSARA and other regulatory approvals to operate in facility management services.
This is a small strategic diversification move into a new service vertical (facility management), with minimal capital deployed. Shareholders should view this as a minor expansion of business scope rather than a material event, with operational impact depending on future growth in this new line of business.