The investment was made by subscribing to 1,47,000 equity shares at an issue price of ₹440 per equity share, pursuant to a rights issue undertaken by the subsidiary. This transaction maintains the Company's 100% ownership in Dewdrop Bottles Private Limited, with no change in the percentage of shareholding.
The investment is in accordance with the objects of the Company's Initial Public Offering (IPO) as disclosed in the Prospectus dated 16th September 2026. The funds will be utilized by the subsidiary for:
- Meeting capital expenditure requirements, including purchase of plant and machinery for its existing manufacturing facility
- Repayment of existing loan from ICICI Bank
The investment is intended to facilitate expansion and strengthening of the subsidiary's manufacturing capabilities while enabling reduction of outstanding debt through repayment of existing borrowings.
Subsidiary Details
- Name: Dewdrop Bottles Private Limited
- Business: Manufacturing, trading, developing, designing, assembling, installing, maintaining, processing, repairing, buying, selling, importing, exporting and dealing as agents or brokers in stainless-steel bottles, feeding bottles, water bottles and all kinds of domestic and commercial cookers, including pressure cookers
- Incorporation Date: 5th August 2020
- Turnover History:
- FY 2023-24: ₹2,727.86 Lakhs
- FY 2024-25: ₹5,569.68 Lakhs
- FY 2025-26: ₹8,897.82 Lakhs
- Country of Presence: India
Transaction Details
- Transaction Type: Related party transaction (wholly owned subsidiary)
- Basis: Arm's length basis
- Consideration: Cash consideration
- Government Approvals: Not applicable
- Completion Timeline: Within statutory timelines
The disclosure references SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 and includes the required Annexure A with detailed particulars as per Schedule III of the SEBI Listing Regulations.