SC Agrotech Limited has intimated the Bombay Stock Exchange of the incorporation of a new, wholly-owned subsidiary company. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Nature of the Event
The company has incorporated a new subsidiary named SC Cropwise Agritech Private Limited.
Key Details of the Subsidiary
- Name: SC Cropwise Agritech Private Limited
- Date of Incorporation: November 04, 2026
- Certificate of Incorporation: Issued by the Ministry of Corporate Affairs.
- Authorized Capital: ₹1,00,000 (Rupees One Lakh Only), divided into 10,000 equity shares of ₹10 each.
- Line of Business: Pharma business.
- Country of Operation: India.
- Turnover/History: Not applicable as the entity was newly incorporated on the stated date.
Transaction Details
- Percentage of Shareholding Acquired: 100% initial shareholding by SC Agrotech Limited, either directly or indirectly.
- Nature of Consideration: 100% initial subscription to the share capital was made through Cash/Banking Channel.
- Cost of Acquisition: Not applicable, as this is an incorporation and initial subscription, not an acquisition of an existing entity.
- Related Party Transaction: The acquisition falls under a related party transaction because SC Agrotech Limited is the promoter of the newly formed subsidiary company.
Regulatory and Governmental Approvals
- Governmental/Regulatory Approvals Required: Not Applicable.
- Time Period for Completion: Not Applicable.
Purpose and Impact
- Object of Acquisition/Effects: To undertake pharma business.
- Financial Impact: The disclosure does not quantify the specific financial impact of this incorporation on SC Agrotech Limited.
Disclosure Reference
This intimation is filed in compliance with Regulation 30 of the SEBI LODR Regulations and refers to SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015. The required details are provided in the attached Annexure A.