Greaves Cotton Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the incorporation of a wholly owned subsidiary.
Subsidiary Details
- Name: Greaves International Trading FZE (GITFZE)
- Incorporation Date: 18th June, 2026
- Country of Incorporation: United Arab Emirates
- Holding Company: Greaves Cotton Limited
- Industry Classification: Engineering Industry
- Shareholding: 100% owned by Greaves Cotton Limited
Business Purpose and Rationale
GITFZE has been incorporated with the primary objective of engaging in international trading and distribution activities of products and services offered by Greaves Cotton Limited. This strategic expansion is aimed at:
- Strengthening the Company's global market presence
- Optimizing international supply chain
- Driving business growth in overseas markets
Regulatory and Financial Considerations
- Governmental/Regulatory Approvals: Not applicable
- Consideration for Incorporation: Not applicable (no cash consideration or share swap mentioned)
- Cost of Subscription: Not applicable
- Financial Impact: Not quantified in the disclosure
Disclosure Compliance
The disclosure was made to both BSE Limited and National Stock Exchange of India Limited as required under SEBI Listing Regulations. The annexure containing required details (Annexure-I) was enclosed with the disclosure letter.