Key Quantitative Figures
The initial paid-up share capital for the new subsidiary is INR 100,000, divided into 10,000 equity shares of face value INR 10 each. This represents a 100% cash subscription by Maruti Suzuki India Limited.
Dates of Action
The Board of Directors meeting was held on 27th October 2026. The meeting commenced at 11:50 a.m. and the decision to approve the subsidiary incorporation was taken at 1:10 p.m. The meeting was continuing at the time of this disclosure.
Parties Involved
- Listed Entity: Maruti Suzuki India Limited
- Proposed Subsidiary: Osamu Suzuki Centre of Excellence (OSCOE) Foundation (or such other name as approved by Registrar of Companies)
- Regulatory Authority: Registrar of Companies
Purpose and Rationale
The subsidiary is being incorporated under Section 8 of the Companies Act, 2013 as a not-for-profit company. Its purpose is to promote and enhance vocational and technical skills for advancing manufacturing excellence and best practices across India, including Japanese manufacturing philosophies, practices, culture, and teachings of Mr. Osamu Suzuki. This initiative falls under Corporate Social Responsibility activities in accordance with Section 135 read with Schedule VII of the Companies Act, 2013.
Regulatory Requirements and Approvals
The disclosure is made under Regulation 30 of SEBI Listing Regulations and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The only governmental approval required is from the Registrar of Companies for the incorporation and name approval.
Capital Structure Impact
The incorporation will result in Maruti Suzuki India Limited holding 100% shareholding in the subsidiary. There is no dilution of Maruti Suzuki's existing capital structure as this is a new subsidiary formation.
Financial Impact
The immediate cash outflow for Maruti Suzuki India Limited is INR 100,000 for the subscription of shares. The financial impact is quantified and minimal relative to the company's scale.