Linc Ltd Announces Further Investment in Subsidiary Morris Linc Private Limited
Linc Ltd has announced a further investment into its subsidiary, Morris Linc Private Limited. The investment totals Rs. 5,60,52,350/-, which is being used for the allotment of 56,05,235 Equity Shares of Rs 10/- each at par.The transaction involves a cash consideration from Linc Limited to bolster its subsidiary's operations.
Morris Linc Private Limited, engaged in the manufacturing of writing instruments, has an authorized share capital of Rs. 12,00,00,000/- and a paid-up share capital of Rs. 43,50,000/-.
The proceeds from the further share issue will be utilized by Morris Linc towards working capital and capital expenditure. Additionally, Morris Co. Ltd. has contributed Rs. 5,60,32,350/- toward the equity of Morris Linc.
The investment has been completed through the allotment of shares made on April 13, 2026.
Key Details of the Investment
The following table summarizes the operational and financial parameters of the investment in Morris Linc Private Limited:| Particulars | Details |
|---|---|
| Target Entity | Morris Linc Private Limited (Subsidiary Company) |
| Industry | Writing Instruments |
| Authorized Share Capital | Rs. 12,00,00,000/- |
| Paid-up Share Capital | Rs. 43,50,000/- |
| Turnover (FY 25-26) | Rs. 56,08,682/- (un-audited) |
| Cost of Acquisition | Rs. 5,60,52,350/- (56,05,235 Equity Shares of Rs 10/- at par) |
| Investment Type | Cash Consideration |
| Change in Shareholding | No change; Linc Limited: 50.01%, Morris Co. Ltd.: 49.99% |
Subsidiary Background
Incorporated on June 28, 2023, under the Companies Act, 2013, Morris Linc Private Limited has its registered office in West Bengal, India. The company specializes in the manufacturing of writing instruments. The historical turnover for the last three financial years is detailed as follows:| Financial Year | Turnover |
|---|---|
| FY 2023 - 24 | Rs. 7,01,280/- |
| FY 2024 - 25 | Rs. 5,80,032/- |
| FY 2025 - 26 | Rs. 56,08,682/- (un-audited) |
LINC Stock Price Movement
Linc Limited shares today slipped by 0.79% to settle at ₹98.62. The equity finished the trading session on a volume of 13,786 shares.Source:
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