OnEMI Technology Solutions Limited has incorporated its wholly owned subsidiary (WOS) named "Invincible Minds Private Limited". The Certificate of Incorporation was issued by the Central Registration Centre, Registrar of Companies, Mumbai - I at Mumbai, and received by the company on June 18, 2026.
This incorporation follows the board of directors' approval received on May 27, 2026, as communicated in the company's earlier disclosure. The subsidiary formation is part of the company's ongoing strategic initiative outlined in its prospectus to expand presence in the financial services sector through various non-lending business activities and allied services.
Investment Details
The company subscribed to the entire share capital of the subsidiary:
- Number of shares allotted: 90,00,000 (Ninety Lakh) equity shares
- Face value per share: INR 10 (Indian Rupees Ten only)
- Total investment amount: INR 9,00,00,000 (Nine Crore Indian Rupees)