Austere Systems Limited has incorporated a new subsidiary company named Austere Next Private Limited on June 25, 2026. The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Master Circular No. HO/49/14/4(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Subsidiary Details
- Name: Austere Next Private Limited
- Date of Incorporation: June 25, 2026
- Country of Incorporation: India
- Relationship to Listed Entity: Direct subsidiary and related party
- Industry: Software Development
- Shareholding: Austere Systems Limited holds 51% stake
- Business Activities: Software development, software as a service (SAAS), and mobile application development
- Consideration: Cash consideration
- Regulatory Approvals: Not applicable for this incorporation
The subsidiary represents an expansion of the company's operations into software development and SaaS services. The transaction was completed through cash consideration, with no governmental or regulatory approvals required for the incorporation.