Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting - Subsidiary Incorporation

Audit Opinion:

Not Specified

Key Financial Highlights:

Not Specified

Standalone Results:

Not Specified

Consolidated Results:

Not Specified

Segment-wise Performance:

Not Specified

Corporate Actions:

The Board approved incorporation of four wholly owned subsidiaries:

1. Singapore Subsidiary:

  • Proposed Name: AAA Technologies Singapore Pte. Ltd.
  • Capital: Up to SGD 500,000 (Singapore Dollars Five Hundred Thousand)
  • Share Structure: Up to 5,00,000 ordinary shares at SGD 1 per share
  • Business: Information Systems Audit, Information Security Audit, Cybersecurity, IT Assurance and Compliance, IT Governance, Risk Management, Information Technology Consulting, Software Development
  • Regulatory: Incorporation with Accounting and Corporate Regulatory Authority (ACRA), Singapore

2. Mauritius Subsidiary:

  • Proposed Name: AAA Technologies Mauritius Limited
  • Capital: Up to USD 500,000 (United States Dollars Five Hundred Thousand)
  • Share Structure: Up to 5,00,000 ordinary shares of USD 1 each
  • Business: Information Systems Audit, Information Security Audit, Cybersecurity, IT Assurance and Compliance, IT Governance, Risk Management, Information Technology Consulting, Software Development
  • Regulatory: Global Business Licence from Financial Services Commission, Mauritius

3. UAE Subsidiary:

  • Proposed Name: AAA Technologies MENA FZCO
  • Location: Dubai Multi Commodities Centre (DMCC) Free Zone, Dubai, UAE
  • Capital: Up to AED 1,000,000 (UAE Dirhams One Million)
  • Share Structure: Up to 1,000 ordinary shares of AED 1,000 each
  • Business: Information Systems Audit, Information Security Audit, Cybersecurity, IT Assurance and Compliance, IT Governance, Risk Management, Information Technology Consulting, Software Development
  • Regulatory: Business licence from Dubai Multi Commodities Centre Authority (DMCCA)

4. India Subsidiary:

  • Proposed Name: AAA Semiconductor Private Limited
  • Capital: Up to INR 20,00,000 (Indian Rupees Twenty Lakh)
  • Share Structure: Up to 2,00,000 equity shares of face value INR 10 each
  • Business: Semiconductor design, development of integrated circuits, edge artificial intelligence processors, system-on-chip solutions, embedded systems, technology research and development
  • Regulatory: Approval from Ministry of Corporate Affairs, Registrar of Companies

Additional Investment Approval:

The Board accorded in-principle approval for making additional investments and providing financial support to these subsidiaries beyond the initial investment amounts, in one or more tranches, based on business requirements. The quantum and terms will be determined by the Board or authorized persons.

Other Significant Information:

  • All entities are yet to be incorporated and have not commenced business operations
  • The information will be available on company website: www.aaatechnologies.co.in
  • Signed by Sagar Shah, Company Secretary & Compliance Officer