Rays of Belief Limited has made a further investment in its wholly owned subsidiary Mom's Belief US Inc through a rights issue. This investment is in furtherance of the Objects of the Initial Public Offer (IPO) as per the company's prospectus dated September 08, 2026.

Investment Details

  • Investment Amount: USD 2,000,000 (approximately INR 19.19 crore)
  • Price per Share: USD 1 per share (at par value)
  • Transaction Date: September 17, 2026
  • Consideration Form: Cash
  • Regulatory Reference: Disclosure made under Regulation 30(6) read with Schedule III Part A Para A (1) of SEBI Listing Regulations

Subsidiary Information

  • Name: Mom's Belief US Inc
  • Date of Incorporation: April 04, 2025
  • Country: United States of America
  • Industry: Healthcare Industry (specializes in allergy and immunology medical discipline)
  • Business: Diagnosis, treatment and ongoing management of disorders related to the immune system and allergic conditions
  • Paid-up Capital (as on March 31, 2026): USD 100
  • Turnover (FY 2025-26): USD 3,825,615

Ownership and Transaction Details

  • The company will continue to hold 100% of the share capital of Mom's Belief US Inc post-investment
  • The transaction falls under related party transaction but is conducted at arm's length
  • No promoter/promoter group has any interest in the subsidiary except through the company's shareholding
  • No change in shareholding structure resulting from this investment

Regulatory Approvals

  • No specific government/statutory approvals required except compliances under Foreign Exchange Management Act, 1999
  • The acquisition was completed on September 17, 2026

Purpose and Impact

The acquisition will enable the company to leverage the existing capabilities, infrastructure and expertise of the target entity and explore opportunities for providing specialized healthcare services.

Additional Information

  • Company CIN: U85110DL2017PLC322623
  • Corporate Office: 18/1, T Block, Near DLF City Club, DLF Phase III, Sector 24, Gurugram 122001, India
  • Disclosure signed by Mayank Bhargava, Company Secretary (ICSI Mem. No. A53418)