Eiko LifeSciences Limited disclosed the incorporation of a joint venture company through its wholly owned subsidiary, Eiko Scientific Solutions LLP (LLPIN: ACH-4311). The disclosure is made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.
Nature of the Event
Incorporation of a private limited company named "Oval Eiko Resources Private Limited" as a joint venture between Eiko Scientific Solutions LLP and Oval Projects Engineering Limited. Each party holds 50% of the share capital.
Key Quantitative Figures
- Authorized Share Capital: ₹5,00,000 (Rupees Five Lakhs Only)
- Paid-up Share Capital: ₹5,00,000 (Rupees Five Lakhs Only)
- Initial Capital Infusion by Eiko Scientific Solutions LLP: ₹2,50,000
- Shareholding Structure: Eiko Scientific Solutions LLP subscribed to 25,000 equity shares of ₹10 each, representing 50% of total share capital
- Corporate Identity Number: U35201MR2026PTC482646
- PAN: AAFCO4493F
- TAN: PNEO09131D
Parties Involved
- Listed Entity: Eiko LifeSciences Limited
- Subsidiary: Eiko Scientific Solutions LLP (wholly owned subsidiary)
- Joint Venture Partner: Oval Projects Engineering Limited
- New Entity: Oval Eiko Resources Private Limited
- Regulatory Authorities: BSE Limited, SEBI, Ministry of Corporate Affairs, Registrar of Companies (Mumbai - II)
Business Operations and Objectives
Oval Eiko Resources Private Limited will operate in the renewable energy sector, specifically:
- Compressed Bio Gas (CBG) Production and Distribution
- Condensation stabilization Unit
- Industrial Fuel and chemical unit
- Essential oil Unit
- Engineered wood unit
The company is yet to commence business operations and currently has nil turnover.
Rationale and Impact
The incorporation aims to diversify and expand Eiko LifeSciences' existing specialty chemicals and API business into the renewable energy sector. The move is intended to explore new business opportunities in sustainable energy, industrial fuels, chemicals, and other value-added products to strengthen the Group's long-term growth prospects.
Regulatory and Transaction Details
- Related Party Transaction: Yes, as Eiko Scientific Solutions LLP is a wholly owned subsidiary of the listed entity
- Arm's Length Basis: The transaction is conducted at arm's length
- Consideration Type: Cash consideration
- Government/Regulatory Approvals: Not required (NA)
- Time Period for Completion: Not applicable (NA)
Address Details
The registered office of Oval Eiko Resources Private Limited is at Unit No 504, Plot No C-9, Laaman Industrial Park, Wagle I.E., Thane, Thane-400604, Maharashtra.
Documentation
- Annexure A: Detailed disclosure as required under Regulation 30
- Annexure B: Certificate of Incorporation issued by the Central Registration Centre, Ministry of Corporate Affairs