Nutricircle Ltd Incorporates Wholly-Owned Subsidiary, Nutricircle Europe ApS, in Denmark
Nutricircle Ltd has announced the successful incorporation of its Wholly-Owned Subsidiary (WoS), Nutricircle Europe ApS, in Denmark. The incorporation took place on May 20, 2026.Nutricircle Europe ApS is structured for marketing Proteins and engaging in all related business activities. This expansion supports Nutricircle Ltd’s broader objective of conducting business involving the development, production, and sale or trade of plant-based ingredients and food products. Nutricircle Ltd’s main business activity revolves around the processing and preservation of fruit and vegetable products, with plans to explore new business opportunities in the region.
The strategic move solidifies the company’s presence in the European market, leveraging the Danish subsidiary. The parent company, Nutricircle Ltd, stated that the purpose of its operations includes the development, production, and trade of plant-based ingredients and food products.
Nutricircle Ltd acquired 100% of the paid up share capital and voting rights of the new entity. The subsidiary’s entire share capital is subscribed at a rate of 100, corresponding to DKK 1 per nominally DKK 1 share.
The details regarding the investment, ownership structure, and financial commitment are presented below:
| Detail | Description | Value / Shareholding |
|---|---|---|
| Subsidiary Name | Nutricircle Europe ApS | N/A |
| Location | Denmark, Europe | Agro Food Park 13, 8200 Aarhus N |
| Incorporation Date | May 20, 2026 | N/A |
| Ownership Acquired | 100% Shares & Voting Rights | DKK 20,000 Shares |
| Investment Capital | Investment in Share Capital | DKK 20,000 (Paid in cash) |
| Total Acquisition Cost | Cost of shares acquired | Approx. Rs. 3,00,000/- |
| Other Costs | Estimated incorporation costs | DKK 15,000 (Excluding VAT) |
The promotion and management of the new venture involves key personnel from the parent company. The acquisition falls within related party transactions, as Nutricircle Limited acquired 100% shares and voting rights of Nutricircle Europe ApS. Hitesh Mohanlal Patel, Managing Director of Nutricircle Limited, has an interest in the subsidiary and serves as the Executive Director of Nutricircle Europe ApS.
The parent company, formerly Shreeyash Industries Limited, continues its core focus on the processing and preservation of fruit and vegetable products.
Stock Price Movement
Nutricircle Ltd shares settled at ₹290.80 on Monday, declining 1.99% at the close of trading. Throughout the day, the shares remained completely flat, executing only within a narrow range locked at this single price point.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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