Eiko LifeSciences Limited has disclosed that its wholly owned subsidiary, Eiko Scientific Solutions LLP (LLPIN: ACH-4311), is proposing to enter into a Joint Venture Agreement with Oval Projects Engineering Limited for the formation of a new private limited company named Oval Eiko Resources Private Limited.
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.
Key Details of the Joint Venture Company:
- Name: Oval Eiko Resources Private Limited
- Date of Name Approval: Received from MCA on 23/10/2026
- Country of Incorporation: India
- Ownership Structure: 50-50 joint venture between Eiko Scientific Solutions LLP and Oval Projects Engineering Limited
- Industry: Renewable Energy, specifically Compressed Bio Gas Production and Distribution
- Business Activities: The company will engage in Renewable Energy including Compressed Bio Gas, Condensation stabilization Unit, Industrial Fuel and chemical unit, Essential oil Unit, and Engineered wood unit
Investment Details:
- Nature of Consideration: Cash Consideration
- Total Initial Proposed Capital: ₹2,50,000/-
- Eiko Scientific Solutions LLP Investment: Will subscribe to 50% of the total share capital, amounting to 25,000 equity shares of ₹10 each
Corporate Structure:
Eiko Scientific Solutions LLP is a wholly owned subsidiary of Eiko LifeSciences Limited, with 99.99% of shares held by the listed entity and 0.01% held by a nominee of the listed entity.
Regulatory Approvals:
The disclosure states "NA" (Not Applicable) for any government or regulatory approval required for this acquisition.
The intimation was signed by Chintan Bharatbhai Doshi, Company Secretary and Compliance Officer (Membership No: ACS 36190) of Eiko LifeSciences Limited.