MITCON Subsidiary Invests ₹51 Lakh in Two New Subsidiaries

Date: August 03, 2026

Entity Details: Name: MITCON Credentia Repository Services Limited
Capital Structure: Authorized Share Capital: ₹50,00,000; Paid-up Share Capital: ₹50,00,000
Incorporation Date: June 19, 2026
Industry: Repository Services (Registrar and Transfer Agent)
Transaction Type: Related Party Transaction
Ownership Structure: Wholly owned subsidiary of MITCON Credentia Trusteeship Services Limited, making it a step-down subsidiary of MITCON Consultancy & Engineering Services Limited
Investment Details: Cash consideration of ₹50,00,000 remitted on August 3, 2026 for subscription of 5,00,000 equity shares at par value of ₹10 each
Ownership Percentage: 100% of paid-up capital
Business Purpose: Expansion into Repository Services business to drive growth of Ultimate Holding Company
Regulatory Approvals: None required
Location: India

Entity Details: Name: MITCON Credentia Corporate Support Services Limited
Capital Structure: Authorized Share Capital: ₹15,00,000; Paid-up Share Capital: ₹1,00,000
Incorporation Date: July 09, 2026
Industry: Ancillary Corporate Support and Secretarial Services
Transaction Type: Related Party Transaction
Ownership Structure: Wholly owned subsidiary of MITCON Credentia Trusteeship Services Limited, making it a step-down subsidiary of MITCON Consultancy & Engineering Services Limited
Investment Details: Cash consideration of ₹1,00,000 remitted on August 3, 2026 for subscription of 10,000 equity shares at par value of ₹10 each
Ownership Percentage: 100% of paid-up capital
Business Purpose: Expansion into Ancillary Corporate Support and Secretarial Services to drive growth of Ultimate Holding Company
Regulatory Approvals: None required
Location: India

Promoter Group Interest: The Ultimate Holding Company (MITCON Consultancy & Engineering Services Limited) does not have promoter or promoter group/promoter group companies
Arm's Length Transaction: Confirmed as executed at arm's length
Historical Financials: Turnover and last 3-year details not applicable as both entities were newly incorporated in 2026
Completion Status: Both companies already incorporated, investment represents subscription money remittance