Nutricircle Limited has incorporated a wholly-owned subsidiary named Nutricircle Europe ApS in Denmark on 20th May, 2026. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and complies with SEBI circulars SEBI/HO/CFD/CFDPod1/P/CIR/2023/123 dated July 13, 2023, SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI circular SEBI/HO/CFD/CFD-Pod-2/CIR/P/2024/185 dated December 31, 2024.

Subsidiary Details

  • Name: Nutricircle Europe ApS
  • Country: Denmark
  • Registered Address: Agro Park 13, 8200 Aarhus N, Denmark
  • Date of Incorporation: 20th May, 2026
  • Business Activity: Processing and preservation of fruit and vegetable products; development, production, and sale/trade of plant-based ingredients and food products
  • Share Capital: DKK 20,000 (20,000 shares of DKK 1 each)
  • Ownership: 100% shares and voting rights acquired by Nutricircle Limited

Investment Details

  • Investment Amount: Approximately ₹3,00,000 towards acquisition of DKK 20,000 shares
  • Consideration Form: Cash payment at full nominal value (DKK 1 per share)
  • Additional Costs: Estimated DKK 15,000 (excluding VAT) for incorporation costs to be paid by the company
  • No unpaid capital remaining

Related Party Transaction

This acquisition constitutes a related party transaction as Hitesh Mohanlal Patel, Managing Director of Nutricircle Limited (DIN: 02080625), also serves as the Executive Director of Nutricircle Europe ApS and has interest in the entity being acquired.

Business Purpose

The subsidiary's purpose is to conduct business involving development, production, and sale/trade of plant-based ingredients and food products, and to explore new business opportunities in the European geography. The company's main business activity will be processing and preservation of fruit and vegetable products.

Regulatory Approvals

No governmental or regulatory approvals are required for this acquisition.

Operational Status

The subsidiary was recently incorporated on 20th May, 2026, and business operations have yet to commence. No historical turnover data is available as the entity is newly formed.

Capital Structure Impact

Nutricircle Limited now holds 100% of the paid-up share capital and voting rights of Nutricircle Europe ApS, representing complete ownership and control of the Danish subsidiary.