The change results from a fresh preferential allotment of equity shares issued by VBSWPL. Due to this allotment, the equity stake held by Valencia Nutrition Limited in VBSWPL has diluted from 100% to approximately 75%. Consequently, VBSWPL has ceased to be a Wholly-Owned Subsidiary but continues to remain a Subsidiary of the Company.
Details of the Allotment and Subsidiary
Target Entity: Valencia Beverages & Superwater Private Limited (CIN: U11011TS2025PTC200269)
Capital Structure:
- Authorised Capital: ₹15,00,00,000 (Rupees Fifteen Crore only) divided into 1,50,00,000 (One Crore Fifty Lakh) equity shares of ₹10 each.
- Paid-up Capital (Pre-allotment): ₹9,01,00,000 (Rupees Nine Crore One Lakh only) divided into 90,10,000 (Ninety Lakh Ten Thousand) equity shares of ₹10 each.
- Paid-up Capital (Post-allotment): ₹12,01,00,000 (Rupees Twelve Crore One Lakh only) divided into 1,20,10,000 equity shares of ₹10 each.
Industry: FMCG / Beverages and Consumer Goods.
Transaction Details:
- The allotment is a Related Party Transaction as the shares were allotted to Mr. Manish Turakhia, the Managing Director and Promoter of Valencia Nutrition Limited.
- The object of the allotment is to raise growth capital for the subsidiary's business expansion and operations.
- No governmental or regulatory approvals were required for this allotment.
- The Board of Directors of the subsidiary passed the allotment resolution on June 4, 2026.
- The consideration was cash, received directly by the subsidiary from the subscriber.
- The shares were allotted at a price of ₹10.54 per equity share (including a premium of ₹0.54 per share).
- A total of 30,00,000 fresh equity shares were issued, resulting in a 25% dilution of the parent company's holding.
Subsidiary Background:
Valencia Beverages & Superwater Private Limited was incorporated on June 24, 2025, following the conversion of a partnership firm named Zion Beverages into a private limited company. It is engaged in the manufacturing, distribution, and trading of a diverse range of beverages. As it was newly incorporated, past financial data for the last three years is not applicable.
Financial Details for FY 2025-26 (ended March 31, 2026):
- Paid-up Capital: ₹9,01,00,000
- Turnover: ₹2,00,19,000
- Net Worth: ₹9,49,77,000
The company operates in India.