Key Event Details
Earkart Limited has incorporated a foreign subsidiary in the United Kingdom named Earkart Health Limited. The subsidiary was incorporated on 08 June 2026 as per the Certificate of Incorporation.
Subsidiary Financial Structure
- Authorized Share Capital: GBP 10,000 (Great British Pound Ten Thousand)
- Paid-up Share Capital: GBP 10,000 (Great British Pound Ten Thousand)
- Company's Investment: Earkart Limited subscribed to 650 equity shares of GBP 10 each
- Investment Amount: GBP 6,500 (Great British Pound Six Thousand Five Hundred) in cash
- Shareholding Percentage: 65% of the paid-up share capital
- Turnover: NIL, as it is a newly incorporated company
Business Operations
Earkart Health Limited was incorporated to provide healthcare services and sell healthcare products and other related products. The business of the subsidiary is not outside the main line of business of Earkart Limited. The company currently does not have any business operations.
Regulatory Approvals
No governmental or regulatory approvals were required for the incorporation, other than the registration formalities completed with the relevant authorities in the United Kingdom.
Transaction Status
The subsidiary has already been incorporated on 08 June 2026. The transaction is complete.
Related Party Considerations
Upon incorporation, Earkart Health Limited has become a subsidiary of Earkart Limited and consequently a related party of the Company in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations. Except as stated above, the Promoters, Promoter Group and Group Companies have no interest in the transaction.
Additional Information
The disclosure will be made available on the Company's website https://www.earkart.in.