Company Disclosure Under SEBI LODR Regulation 30
Tinna Rubber And Infrastructure Limited (Scrip Code: BSE 530475, NSE: TINNARUBR) announced the incorporation of a wholly-owned subsidiary in Santiago, Republic of Chile, named "TINNA RUBBER CHILE SpA". This disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, via a letter dated July 08, 2026, signed by Company Secretary Sanjay Kumar Rawat (ICSI M. No.: ACS23729).
Subsidiary Details
Entity Name: TINNA RUBBER CHILE SpA
Date of Incorporation: January 13, 2026
Country of Incorporation: Republic of Chile
Authorized Share Capital: Chilean Pesos (CLP) 500,000,000
Share Structure: Single series shares with a nominal value of CLP 10 each
Business Operations and Purpose
The subsidiary will operate in waste management and recycling, specifically:
- Recycling and processing of end-of-life tyres (ELTs)
- Plastic waste and scrap processing
- Battery waste and scrap processing
- Other allied waste management and recycling activities
The primary object is to expand the company's global footprint and strengthen its global supply chain for ELTs from around the world, subject to applicable laws and regulatory approvals.
Transaction Details
Nature of Acquisition: Incorporation of wholly-owned subsidiary
Related Party Status: The subsidiary constitutes a related party of the company
Promoter Interest: The Promoter/Promoter group does not have any interest other than as a parent company
Consideration: Cash and kind (capitalization of exports or payments due)
Cost of Acquisition: Subscription to share capital of CLP 500,000,000 (Five Hundred Million Chilean Pesos) equivalent to convertible Indian rupees, in one or more tranches
Current Status and Timeline
Incorporation Status: Incorporation and registration formalities completed except certain post-incorporation procedural and regulatory compliances required for commencement of commercial operations
Capital Infusion: To be made in due course after obtaining necessary approvals and completing applicable legal and regulatory formalities
Governmental Approvals: Not applicable for the acquisition itself
Completion Timeline: Not applicable
Financial Information
Turnover History: Not applicable (newly incorporated entity)
Financial Impact: The capital infusion amount is specified as CLP 500,000,000, but the exact Indian rupee equivalent and timing of infusion are pending necessary approvals