Key Details of Subsidiary
- Name of Entity: HY-TECH ENGINEERS Inc
- Location: State of Delaware, United States of America
- Date of Incorporation: October 05, 2026
- Relationship: Wholly Owned Subsidiary of Hy-Tech Engineers Limited
- Business Activity: Distributing and supplying hydraulic fittings and flow control components for diverse industrial applications
- Regulatory Approval: Incorporation approved by the Division of Corporations, State of Delaware
- Certification Received: October 07, 2026
Financial Details
- Investment Amount: $300,000
- Investment Method: Cash subscription by Hy-Tech Engineers Limited for ordinary shares of the subsidiary
- Ownership Percentage: 100%
- Consideration Type: Cash
Historical Information
- Last 3 years turnover: Not Applicable (newly incorporated entity)
- Previous intimation dated: September 18, 2026
Governance
- Membership No.: A67683
- Signing Date: October 07, 2026
- Time: 20:01:29 +05'30'
Purpose and Rationale
The subsidiary will operate in the hydraulic fittings industry, expanding the company's presence to the United States market. The acquisition does not fall within related party transactions, and no promoter/promoter group/group companies have any interest in the acquired entity.
#Tags: #HyTechEngineers #SEBIDisclosure #Regulation30 #InternationalExpansion #SubsidiaryIncorporation #Neutral