Nature of Update
Board approval for incorporation of a wholly owned subsidiary company for data center operations.
Key Operational or Strategic Points
- Subsidiary name: XtraNet Data Centre Private Limited (under process of incorporation)
- Business focus: Establishing, developing, owning, operating, maintaining and commercializing data centers and related digital infrastructure
- Services include: Cloud services, colocation, AI-ready infrastructure, disaster recovery, and allied technology services
- Geographic scope: Operations in India and abroad
- Registered office location: Bhopal, Madhya Pradesh, India
- Regulatory approval required: Registrar of Companies (MCA)
- Corporate structure: 100% wholly owned subsidiary of XtraNet Technologies Limited
Material Financial Impact
- Initial investment: ₹5,00,000
- Share structure: 50,000 equity shares of face value of ₹10 each at par value
- Funding method: 100% subscription to initial paid-up share capital through banking channels
- Funding source: Internal accruals (cash payment through banking channels)
- Ownership: 100% shareholding and control by XtraNet Technologies Limited
Approval Status
- Board approval obtained: October 09, 2026
- Incorporation status: Under process
- Regulatory approvals: MCA approval pending
Reference Regulation
SEBI Regulation 30 of Listing Obligations and Disclosure Requirements Regulations, 2015
SEBI Master Circular dated November 11, 2024, and December 31, 2024