Tokyo Plast International Limited submitted a revised disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in response to clarification requested by the Exchange regarding omission of meeting timings under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The Board of Directors meeting was held on June 30, 2026, commencing at 03:00 PM and concluding at 03:45 PM. During this meeting, the Board approved the incorporation of a wholly owned subsidiary company.
Subsidiary Details
- Name: Pinnacle Retail Private Limited (or any other name as approved by Registrar of Companies)
- Business: Trading, retail, and distribution of the Company's stainless steel and plastic drinkware products
- Industry: Trading and Retail (Stainless Steel and Plastic Products)
- Capital Structure: Proposed Authorized Capital of ₹5,00,000 with initial Paid-up Capital of ₹4,99,990
- Ownership: 100% shareholding and control by Tokyo Plast International Limited
Transaction Details
- Consideration: 100% subscription to share capital in cash
- Investment Amount: ₹4,99,990 for 49,999 equity shares of ₹10 each
- Nature: Arm's length transaction
- Related Party Status: The subsidiary will become a related party once incorporated
- Government Approvals: Not applicable for this incorporation
Strategic Purpose
The incorporation of this 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 promoter/promoter group/group companies do not have any personal interest in the entity being incorporated other than it being a wholly owned subsidiary.