Dolphin Offshore Enterprises' Subsidiary Receives Provisional Registration in GIFT City
Dolphin Offshore Enterprises has confirmed that its wholly-owned subsidiary, Beluga International (IFSC) Private Limited, received a letter of provisional registration at the Gujarat International Finance Tec-City (GIFT City)-IFSC on July 10, 2026. The entity is set up to operate as a Finance Company in GIFT City, Gandhinagar, Gujarat.Beluga International (IFSC) Private Limited was incorporated under the provisions of the Companies Act, 2013, and holds its registered office in GIFT City, Gujarat. The company's focus will be on the finance industry, specifically operating lease of Ships/Ocean Vessels or any other equipment as may be specified by the relevant Authority.
The investment details regarding Beluga International (IFSC) Private Limited are summarized below:
| Detail | Value |
|---|---|
| Target Entity | Beluga International (IFSC) in GIFT City, Gandhinagar, Gujarat |
| Authorized Capital | ₹ 2,00,00,000 |
| Subscribed & Paid-up Capital | ₹ 1,82,00,000 |
| Ownership Acquired | 100% share capital held by the Company |
The initial investment made for the subsidiary involved a cash consideration of ₹ 1,82,00,000, corresponding to 1,82,00,000 Equity Shares of ₹ 1/- each. As per the records, the company is yet to infuse paid up capital.
As of this registration, Beluga IFSC has not commenced business operations. The entity's industry profile is classified as a Finance Company.
DOLPHIN Stock Price Movement
Shares of Dolphin Offshore Enterprises (India) Limited slipped by 1.06% to settle at ₹385.15 today, down ₹4.10 from the previous close. The stock saw activity during the session, with a total traded volume of 6,275 shares recorded after closing.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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