Key Development
Beluga International (IFSC) Private Limited ("Beluga IFSC"), a wholly owned subsidiary of Dolphin Offshore Enterprises (India) Limited, received a letter of provisional registration at Gujarat International Finance Tec-City (GIFT City)-IFSC, Gujarat on 10th July, 2026.
Subsidiary Details
Name of Entity: Beluga International (IFSC) Private Limited ("Beluga")
Incorporation: New company incorporated in GIFT City, Gandhinagar, Gujarat
Capital Structure:
- Authorized Capital: ₹2,00,00,000 (2,00,00,000 Equity Shares of ₹1 each)
- Subscribed Capital & Paid-up Capital: ₹1,82,00,000 (1,82,00,000 Equity Shares of ₹1 each)
- Note: Paid-up capital is yet to be infused
Business Status: Not applicable (yet to commence business operations)
Turnover/History: Not applicable (newly incorporated entity)
Geographic Presence: India
Transaction Details
Related Party Transaction: Not Applicable
Government/Regulatory Approvals: Not Applicable
Time Period for Completion: Not Applicable
Consideration Type: Cash consideration
Payment Status: Will be paid once Bank Accounts are opened
Cost of Acquisition: ₹1,82,00,000 for 1,82,00,000 Equity Shares of ₹1 each by way of subscription to the share capital
Shareholding: Dolphin Offshore Enterprises (India) Limited will hold 100% share capital of Beluga IFSC.
Additional Information
The disclosure is signed by Krena Khamar, Company Secretary & Compliance Officer (Membership No. A62436) of Dolphin Offshore Enterprises (India) Limited.