Key Details of Subsidiary
- Target Entity Name: 'Amaron Assist Private Limited' or 'Amara Raja Amaron Assist Private Limited' or 'AR Amaron Assist Private Limited' (subject to approval of relevant authorities)
- Country of Incorporation: Telangana, India
- Expected Incorporation Timeline: Within 2 months from November 02, 2026
- Industry: Automotive and battery services
Business Description
The proposed subsidiary will operate under the brand name 'Amaron Assist' as a technology-led services and solutions business focused on:
- Automotive maintenance
- Battery services
- Vehicle care
- Mobility assistance
Ownership and Investment Structure
- Holding Company: Amara Raja Energy & Mobility Limited
- Relationship: Wholly owned subsidiary (100% ownership)
- Initial Investment: Up to ₹100 crores
- Investment Form: Equity/loan/other kind of securities
- Investment Schedule: One or more tranches
Regulatory Approvals
No specific governmental or regulatory approvals are required beyond standard approvals, filings, and compliances for setting up a wholly owned subsidiary in India under applicable laws.
Financial Considerations
- Nature of consideration: Not applicable (new incorporation)
- Cost of subscription: Not applicable
- Shareholding percentage: 100% equity holding by Amara Raja Energy & Mobility Limited post-incorporation
Board Approval
The Board of Directors approved the incorporation at their meeting held on November 02, 2026.
Filing Details
The disclosure was made under Sub Para (1) i.e. Acquisition(s) (including an agreement to acquire) of Para A of Part A of Schedule III of Regulation 30 of SEBI Listing Regulations.