Date: 7th October, 2026
Board Meeting Outcomes
- The Board approved the incorporation of a subsidiary company in the UK on 30th September, 2026
Disinvestment / Strategic Actions
- Company incorporated 'Univastu UK Limited' (Company Number 17492138) as a wholly-owned subsidiary
- Registered with the Registrar of Companies for England and Wales on 30th September, 2026
- Investment amount: £10 (Ten Great Britain pounds) for 100% subscription of paid-up share capital
- Share structure: 1000 Ordinary (Equity) Shares of £0.01 (One Pence) each
- Industry: Telecommunications and wireless networking technology
- Purpose: Business expansion and acquisition of assets of 'Cambium Networks Ltd' (in administration)
- Transaction qualifies as a related party transaction since it's a wholly-owned subsidiary
- Promoters Mr. Pradeep Khandagale and Mrs. Rajashri Khandagale are interested in the transaction
- Future transactions with the subsidiary will be conducted at arm's length basis
- Regulatory approval: No prior RBI approval required as it falls under Overseas Direct Investment via automatic route
Other Operational / Legal / Strategic Disclosures
- Compliance with SEBI Listing Regulations Regulation 30
- Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026