<h1>Encompass Design India Incorporates Subsidiary to Diversify into Pharmaceutical and Nutraceuticals</h1>
Encompass Design India Limited has successfully incorporated The Longevity Plan Private Limited as a subsidiary, effective July 08, 2026. This strategic move is aimed at diversifying and expanding the current business operations of Encompass Design India Limited.
The incorporation relates to the pharmaceutical and nutraceutical industry, providing the company with a new platform for growth. The Longevity Plan Private Limited was incorporated in India.
Key operational and financial details regarding the subsidiary are as follows:
| Aspect | Details |
|---|---|
| Name of Subsidiary | The Longevity Plan Private Limited |
| Country of Incorporation | India |
| Industry Sector | Pharmaceutical and Nutraceutical industry |
| Date of Incorporation | July 08, 2026 |
| Authorized Capital | INR 15,00,000/- |
| Paid-up Share Capital | INR 60,000/- |
The incorporation constitutes a related party transaction (RTP), as the promoter/promoter group has an interest in the new entity. The transaction, however, is reported to be conducted at arm's length.
Details surrounding the acquisition and shareholding are provided below:
| Parameter | Specification |
|---|---|
| Nature of Consideration | Cash subscription |
| Cost of Acquisition / Subscription | INR 40,000/- |
| Shares Allotted | 4000 Equity Shares (of INR 10/- each) |
| Shareholding Percentage | 66.67% |
The Longevity Plan Private Limited is incorporated to undertake the business of developing, marketing, trading, and distributing nutraceuticals and dietary supplements. This includes providing services through contract manufacturing arrangements. The company will also focus on research and development, brand development, digital health and wellness solutions, and offering nutrition and preventive healthcare services via online and offline channels.
The subsidiary is a newly incorporated entity, with turnover currently reported as not applicable.
ENCOMPAS Stock Price Movement
Today, shares of Encompass Design India Limited shed 3.27%, concluding the trading session at ₹240.7 after slipping from its previous close. The stock recorded a day low of ₹239.9 and saw activity involving 9,600 shares traded during the market phase.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.