Key Event

Tipco Engineering India Limited incorporated a wholly-owned subsidiary company named "TIPCO DEFENCE TECHNOLOGIES & ROBOTICS PRIVATE LIMITED" (TDTRPL) on September 16, 2026. The Certificate of Incorporation bears CIN: U28299HR2026PTC150593 issued by the Registrar of Companies, Haryana.

Investment Details

The Company subscribed to 5,100 equity shares of ₹10 each of TDTRPL, aggregating to ₹51,000 (Rupees Fifty-One Thousand only). This represents 51% of the subscribed and paid-up equity share capital of TDTRPL.

Ownership Structure

  • Tipco Engineering India Limited: 5,100 shares (51%)
  • Mr. Ritesh Sharma (Chairman & Managing Director and Promoter): 4,900 shares (49%)

Board Approval

The investment was approved by the Board of Directors of the Company at its meeting held on August 31, 2026.

Effective Date

TDTRPL became a subsidiary of the Company with effect from September 16, 2026.

Business Scope of Subsidiary

TDTRPL will operate in the defence equipment, robotics, and automation engineering sector with the following main objects:

1. To carry on business of conceptualizing, designing, engineering, developing, manufacturing, fabricating, assembling, installing, commissioning, operating, servicing, upgrading and maintaining defence equipment, defence systems, robotics and robotic systems, unmanned aerial, ground and underwater vehicles/systems, automation machinery, systems, components and related products for defence, homeland security, aerospace, industrial automation and other allied sectors.

2. To trade in defence, robotics, automation and allied industrial goods including plant, machinery, equipment, components, spare parts, tools, raw materials, and semi-finished/finished products as traders, distributors, importers, exporters, agents, or brokers.

Related Party Transaction

The subscription by Mr. Ritesh Sharma to 49% of TDTRPL's equity shares constitutes a 'related party transaction' within the meaning of Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zc) of the Listing Regulations, as he is a Promoter and Key Managerial Personnel of the Company.

Financial Impact

Initial investment: ₹51,000 cash consideration. No turnover or historical financial data available as TDTRPL is a new incorporation with no prior operations.

Additional Information

  • No governmental or regulatory approvals required for this acquisition
  • The incorporation and share allotment has been completed
  • Country of presence: India
  • Document signed by Ritesh Sharma, Chairman & Managing Director (DIN: 08358943)
  • Place: Rai, Sonipat