Purple Wave Infocom Ltd. Incorporates Wholly-Owned Subsidiary, Nano Theatre Private Limited
Purple Wave Infocom Limited announced the incorporation of a new wholly-owned subsidiary, Nano Theatre Private Limited, on March 30, 2026, based in Delhi. The company received confirmation that the Certificate of Incorporation was issued on the same date.Nano Theatre Private Limited has an authorized capital and paid-up capital of 10,000 shares with a par value of Rs. 10 per share. The new company will operate within the audio-visual (AV) industry.
The initial capital subscription by Purple Wave Infocom Limited will be considered a related party transaction and will be conducted at arm's length. No group companies have an interest in Nano Theatre beyond common directorship and shareholding.
The subscription for shares will be at a face value of INR 10 per share.
| Sr. No. | Particulars | Details of Information |
|---|---|---|
| 1 | Name of the target entity, details in brief such as size, turnover etc. | Nano Theatre Private Limited: Authorized Capital & Paid-up Capital: 10,000 shares with a par value of Rs. 10 per share. Turnover, Size: Not Applicable since it is a newly incorporated company. |
| 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 'arms length™ | The initial subscription payable by Purple Wave Infocom Limited will fall within the purview of Related Party Transaction and the same will be done at arm's length. The company has no identified promoter and none of the group companies of the Company have any interest in Nano Theatre, except to the extent of common directorship and shareholding |
| 3 | Industry to which the entity being acquired belongs | The new company will deal in the AV Industry |
| 4 | Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity). | Expansion of Company business in AV Industry |
| 9 | Percentage of shareholding / control acquired and / or number of shares acquired | The entity is a wholly owned subsidiary. |
| 10 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). | Nano Theatre Private Limited will deal in AV Industry in expansion of business of Purple Wave Infocom Limited. Incorporation Date: 30.03.2026 Turnover: NA as it is newly incorporated company Country in which the acquired entity has presence: India |
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