MITCON Consultancy Establishes Two New Wholly Owned Subsidiaries in Repository and Corporate Support Services
MITCON Consultancy & Engineering Services Limited, through its subsidiary MITCON Credentia Trusteeship Services Limited, has remitted subscription money toward the incorporation of two new wholly owned subsidiaries: MITCON Credentia Repository Services Limited and MITCON Credentia Corporate Support Services Limited. These investments were finalized on August 3, 2026.The establishment of these step down entities is intended to support the growth of the Ultimate Holding Company by expanding operations into specialized service areas, namely Repository Services and Ancillary Corporate Support. Both subsidiaries are wholly owned by MITCON Credentia Trusteeship Services Limited, which itself is a subsidiary of MITCON Consultancy & Engineering Services Limited.
Details regarding the two newly incorporated entities are presented below:
Financial and Operational Details of Subsidiaries
MITCON Credentia Repository Services Limited
Incorporated on June 19, 2026, this entity is focused on Repository Services (Registrar and Transfer Agent). The investment involves a cash remittance from MITCON Credentia Trusteeship Services Limited.| Detail | Information |
|---|---|
| Industry | Repository Services (Registrar and Transfer Agent) |
| Date of Incorporation | June 19, 2026 |
| Authorized Share Capital | Rs. 50,00,000 |
| Paid-up Share Capital | Rs. 50,00,000 |
| Subscription Details | Cash remittance of Rs. 50,00,000 for 5,00,000 Equity shares at a par value of Rs. 10 each. |
| Control/Holding Percentage | 100% of the Paid-Up Capital |
MITCON Credentia Corporate Support Services Limited
This entity was incorporated on July 9, 2026 and is focused on Ancillary Corporate Support and Secretarial Services. Similar to its counterpart, it was established through a cash subscription by MITCON Credentia Trusteeship Services Limited.| Detail | Information |
|---|---|
| Industry | Ancillary Corporate Support and Secretarial Services |
| Date of Incorporation | July 9, 2026 |
| Authorized Share Capital | Rs. 15,00,000 |
| Paid-up Share Capital | Rs. 1,00,000 |
| Subscription Details | Cash remittance of Rs. 1,00,000 for 10,000 Equity shares at a par value of Rs. 10 each. |
| Control/Holding Percentage | 100% of the Paid-Up Capital |
The establishment of these entities reflects MITCON Consultancy & Engineering Services Limited's strategic intent to expand its business footprint and drive growth across specialized financial services sectors.
MITCON Stock Price Movement
On Monday, the stock of MITCON Consultancy & Engineering Services Limited rallied, settling at ₹75.7 after gaining 2.99%. The equity saw a modest trading volume of 590 shares throughout the session.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.