PI Industries Limited has successfully incorporated PI Foundation as a wholly owned subsidiary under Section 8 of the Companies Act, 2013. The incorporation was completed on October 19, 2026, following board approval granted on August 11, 2026.
Key Details of Incorporation
- Entity Name: PI Foundation
- Date of Incorporation: October 19, 2026
- Country of Incorporation: India
- Certificate Issued By: Ministry of Corporate Affairs, Government of India
Ownership Structure
PI Industries Limited and its subsidiaries hold 100% of the share capital of PI Foundation, making it a wholly owned subsidiary of the company.
Business Nature and Purpose
PI Foundation is established as a not-for-profit organization under Section 8 of the Companies Act, 2013. Its primary purpose is to carry out Corporate Social Responsibility (CSR) activities in accordance with Section 135 read with Schedule VII of the Companies Act.
Financial Details
- Initial Share Capital Subscription: ₹1,00,000
- Consideration Type: Cash
- Percentage Holding: 100% by PI Industries Limited and its subsidiaries
Regulatory Approvals
The subsidiary was incorporated and registered with the Registrar of Companies, Jaipur, Ministry of Corporate Affairs, under Section 8 of the Companies Act, 2013.
Disclosure Compliance
This disclosure is made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information required under Regulation 30 - Part A of Schedule III is provided in Annexure-I.