Nature of the Event

Tokyo Plast International Limited has intimated the formation of a proposed wholly owned subsidiary company, as approved by its Board of Directors.

Key Quantitative Figures

  • Proposed Authorized Capital: ₹5,00,000
  • Initial Paid-up Capital: ₹4,99,990
  • Initial subscription amount: ₹4,99,990
  • Number of equity shares: 49,999 shares of ₹10 each
  • Ownership percentage: 100% shareholding and control

Dates of Action

  • Board meeting date: June 30, 2026
  • Disclosure date: June 30, 2026

Parties Involved

  • Listed entity: Tokyo Plast International Limited (Scrip Code: 500418, NSE Symbol: TOKYOPLAST)
  • Subsidiary: Newly proposed entity (name to be approved by Registrar of Companies)
  • Director: Haresh Shah (Director, DIN: 00008339)

Purpose or Stated Rationale

The incorporation of the wholly owned subsidiary will allow the Company to dedicatedly focus on the retail distribution of its stainless steel and plastic drinkware products, ensuring a more agile and customer-focused approach. The subsidiary will carry out the business of trading, retail, and distribution of the Company's product lines.

Related Party Considerations

The wholly owned subsidiary company, once incorporated, will be a related party of the company. However, the promoter/promoter group/group companies do not have any personal interest in the entity being incorporated. The transaction will be done at arm's length.

Industry Classification

The subsidiary will operate in the Trading and Retail industry, specifically dealing with Stainless Steel and Plastic Products.

Government Approvals

No governmental or regulatory approvals are required for this acquisition.

Consideration Details

  • Nature of consideration: 100% subscription to share capital in cash
  • Cost of acquisition: ₹4,99,990 for 49,999 equity shares of ₹10 each

Entity Background

The entity is a newly proposed company yet to be incorporated, therefore historical financial information and operational history are not applicable.

Financial Impact

The initial capital outflow for the parent company is ₹4,99,990. The subsidiary will become a related party entity once incorporated.