Entity Incorporation Details
A company named "SG Enterprise Solutions Private Limited" was incorporated on September 10, 2026, following approval from the Registrar of Companies. The company is incorporated in India.
Investment Structure
APL Apollo Tubes Limited holds 20% of the paid-up share capital of SG Enterprise Solutions Private Limited, qualifying it as an Associate Company. The company invested ₹1,00,000 (Rupees One Lakh Only) by subscribing to 10,000 (Ten Thousand) equity shares at ₹10 (Rupees Ten) each.
Business Purpose
SG Enterprise Solutions Private Limited will function as a Group Shared Services Company providing common corporate support services to participating Group entities through a centralized shared services model. The entity belongs to the group shared services industry.
Regulatory Approvals
No governmental or regulatory approvals were required for the incorporation beyond the standard Registrar of Companies approval already obtained.
Consideration Method
The investment was made through cash consideration rather than share swap.
Shareholding Details
- Percentage of shareholding: 20.00%
- Number of shares allotted: 10,000 Equity Shares of ₹10 each
Additional Information
The complete details are provided in Annexure A to the disclosure letter and will be available on the Company's website at www.aplapollo.com.