Pee Cee Cosma Sope Ltd. Announces Incorporation of Wholly Owned Subsidiary
Pee Cee Cosma Sope Ltd. announced on March 25, 2026, the approval to incorporate a wholly-owned subsidiary, Abhaya Nourishtech Limited, under the Companies Act, 2013. The decision was made by the Executive Committee of the Board of Directors during a meeting held on the same date, commencing at 1:00 p.m. (IST) and concluding at 1:50 p.m. (IST).Abhaya Nourishtech Limited is considered a related party transaction as it is a wholly owned subsidiary of Pee Cee Cosma Sope Ltd. The new subsidiary will be engaged in proteins/plant proteins, food and nutraceutical ingredients, and finished products, including milk and related trading activities.
The company will subscribe to 100% of the initial paid-up share capital in cash. No governmental or regulatory approvals are required for the incorporation.
| Particulars | Details | |
|---|---|---|
| 1 | Name of the entity, date & country of incorporation, etc. | Name of the proposed company: Abhaya Nourishtech Limited (under incorporation) Date of Incorporation: Incorporation is under process. |
| 2 | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at 'arm's length™; | Abhaya Nourishtech Limited is the wholly owned subsidiary of Pee Cee Cosma Sope Limited and is therefore a related party. |
| 3 | Industry to which the entity being incorporated belongs | PROTEINS/PLANT PROTEINS. FOOD AND NUTRACEUTICAL INGREDIENTS,AND FINISHED PRODUCTS |
| 4 | Brief background about the entity incorporated | Milk And other related Trading activities. The proposed company will be engaged. |
| 5 | Brief details of any governmental or regulatory approvals required for the incorporation | None / Not Applicable |
| 6 | Nature of consideration - whether cash consideration or share swap and details of the | 100% subscription to the initial paid-up share capital in cash. |
| 7 | Percentage of shareholding/control by the listed entity and/or number of shares allotted | 100% subscription to the initial paid-up share capital in cash. |
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