Larsen & Toubro Limited has made a regulatory disclosure pursuant to Regulation 30 of SEBI LODR regarding the incorporation of a new wholly owned step-down subsidiary.
Subsidiary Structure and Ownership
- Vyoma.AI Limited (wholly owned subsidiary of Larsen & Toubro Limited) has incorporated LTADCPL as its wholly owned subsidiary
- Vyoma.AI Limited along with its nominee shareholder subscribed to 100% of the equity shares of LTADCPL
- 100% shareholding is held by Vyoma.AI Limited
Capital Structure Details
- Authorized Capital: ₹1,00,000 (divided into 1000 equity shares of ₹100 each)
- Subscribed Capital: Entire share capital of ₹1,00,000 subscribed by Vyoma.AI Limited
- Consideration Form: Subscription in cash
- Acquisition Cost: ₹1,00,000 for 100% equity shares
Business Operations and Purpose
LTADCPL is formed for the purpose of establishing data centres and related technology-enabled services. The company has not yet commenced business operations, and therefore no historical turnover or operational history is available.
Additional Information
- Country of Incorporation: India
- Date of Incorporation: June 20, 2026
- The acquisition does not qualify as a related party transaction
- No governmental or regulatory approvals were required for this incorporation
- No indicative time period for completion is applicable
Financial Impact
The initial investment amounts to ₹1,00,000. Financial impact beyond this initial capitalization is not quantified in the disclosure as the subsidiary has not commenced operations.