Jaysynth Orgochem Limited has filed a regulatory disclosure under Regulation 30 of SEBI Listing Regulations regarding the successful incorporation of its Wholly Owned Subsidiary (WOS) in Hong Kong. This is a continuation of the company's earlier intimation dated 27th May, 2026 regarding board approval for this incorporation.
Key Details of Subsidiary Incorporation
- Name of Entity: VarnaTex Limited
- Date of Incorporation: 17th July, 2026 (Certificate received on 21st July, 2026)
- Country of Incorporation: Hong Kong
- Relationship with Listed Entity: Wholly Owned Subsidiary of Jaysynth Orgochem Limited
- Industry Classification: Chemicals and Inkjet Printers & Accessories
Business Purpose and Background
The WOS is incorporated to support the Company's trading activities, specifically:
- Procurement functions
- Opportunities for exports of Company's products
Financial Details
- Nature of Consideration: Cash consideration
- Subscription Structure: Jaysynth Orgochem Limited shall subscribe to 100% of the initial paid-up share capital in cash
- Proposed Subscription Capital: 5,00,000 HKD at 1 HKD per equity share
- Current Status: Actual wire transfer and investment are under process
Ownership Structure
- Percentage of Shareholding: 100% control (Wholly Owned Subsidiary)
- Share Allocation: Proposed allotment of 5,00,000 equity shares by the WOS to the Company is pending
Disclosure Compliance
The disclosure is made as required under Regulation 30 of SEBI Listing Regulations, read with Part A of Schedule III of the Regulations and relevant SEBI Circulars.