Rashi Peripherals Approves Strategic Moves, Plans WOS in India and Singapore
Rashi Peripherals Limited announced the outcome of its Board Meeting held on April 16, 2026. The meeting addressed several strategic business alignments, including the incorporation of a Wholly Owned Subsidiary (WOS) in India, establishing a step-down subsidiary in Singapore, and the acquisition of a stakes in RP Tech Electronics Limited.The Board approved the incorporation of Rashi Semiconductor Solutions Pvt. Limited in India as a WOS, facilitating strategic business alignments. Furthermore, the company received approval to establish a step-down subsidiary, Rashi Semiconductor Solutions Pte. Ltd., in Singapore.
In a separate significant move, the Board also approved the acquisition of the entire shareholding of 'RP Tech Electronics Limited' from the Promoters. The transaction is structured at a consideration of Rs. 10/- per share, resulting in a total consideration of Rs. 1,00,000/-. The company approved an investment of up to Rs. 10 Crores for this acquisition.
The decisions made regarding subsidiaries and acquisitions outline the company's strategy for investment and operational expansion.
Key details regarding the approved actions include:
| Particulars | WOS in India | Step-down Subsidiary (Singapore) | Acquisition (RP Tech Electronics Ltd) |
|---|---|---|---|
| Name of Entity | Rashi Semiconductor Solutions Private Limited | Rashi Semiconductor Solutions Pte. Limited | N/A |
| Nature of Transaction | Incorporation of WOS | Incorporation of Step-down subsidiary | Acquisition from Promoters |
| Mode of Funding | Equity / Loan (inter-company) | N/A | N/A |
| Investment/Consideration | Up to Rs. 80 crores | N/A | Up to Rs. 10 Crores |
| Total Consideration (Acquisition) | N/A | N/A | Rs. 1,00,000/- |
| Relationship | Wholly Owned Subsidiary | Step-down subsidiary | Subsidiary post-acquisition |
| Related Party Transaction? | No | No | Yes (Audit Committee approval obtained) |
| Implementation Schedule | One year | One year | One year |
RPTECH Stock Price Movement
Today, Rashi Peripherals Limited shares gained 4.02% in post-market trading, settling at ₹457.45. The stock rallied strongly, reaching its 52-week high of ₹462.9 on a total volume of 301,935 shares.Source:
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