Key Event Details

Syrma SGS Technology Limited has incorporated a new subsidiary company named 'Syrma Kaga Electronics Private Limited' (SKEPL) jointly with Kaga Electronics India Private Limited. The Ministry of Corporate Affairs approved the incorporation on August 18, 2026 and issued the Certificate of Incorporation on the same date.

Subsidiary Company Structure

Capital Ratio: Syrma SGS holds 60% stake, Kaga Electronics India Private Limited holds 40% stake

Authorized Capital: ₹1,00,000 (Rupees One Lakh only)

Subscribed Capital: ₹1,00,000 (Rupees One Lakh only)

Face Value per Share: ₹10

Investment Details

Syrma SGS Investment: ₹60,000 for 6,000 shares (60% of equity)

Shareholding Pattern: 60% held by Syrma SGS Technology Limited and its nominees, 40% held by Kaga Electronics India Private Limited

Consideration Type: Cash subscription

Business Operations

SKEPL will engage in the business of electronic components manufacturing including:

  • Manufacture of bare printed circuit boards
  • Loading of components onto printed circuit boards
  • Manufacture of interface cards (video, network, sound, modems, controllers)
  • Manufacture of semiconductors and other electronic components
  • Manufacture of electronic chokes, capacitors, resistors, coils, transformers

The company is newly incorporated and has not yet commenced business operations. No historical turnover data is available.

Regulatory and Governance Aspects

Related Party Transaction: The subsidiary incorporation qualifies as a related party transaction since SKEPL becomes a subsidiary

Arm's Length Basis: The transaction is stated to be conducted at arm's length

Approvals: Required approvals under Companies Act, 2013 from Board/Committee have already been obtained

Governmental Approvals: No additional governmental or regulatory approvals required for the acquisition

Timeline

Incorporation Date: August 18, 2026

Previous Communication: Company had previously intimated about this matter via letter dated June 22, 2026

Financial Impact

The initial investment amount is ₹60,000 for 60% equity stake. No further financial impact quantification provided in the disclosure.