Rashi Peripherals Limited Approves Plans for Two New Subsidiaries and Key Acquisition
Rashi Peripherals Limited announced major strategic decisions following its Board Meeting held on April 16, 2026. The company approved the incorporation of two new subsidiaries and the acquisition of a controlling stake in another electronics firm, solidifying its business footprint in India and Singapore.Among the key decisions transacted by the company was the approval for the incorporation of a Wholly Owned Subsidiary (WOS) in India. This new entity, Rashi Semiconductor Solutions Pvt. Limited, was approved, with the company sanctioning investment up to Rs. 80 crores for its development. Complementing this, the board also greenlit the establishment of a step-down subsidiary in Singapore, named Rashi Semiconductor Solutions Pte. Ltd., designed for strategic business alignments.
The board also cleared the acquisition of the entire shareholding of 'RP Tech Electronics Limited' from the Promoters. This acquisition involves purchasing 100% of the shareholding at a consideration of Rs. 10/- per share, backed by an approved investment limit of up to Rs. 10 crores.
The decisions related to the new subsidiaries and the acquisition from the Promoters carry an anticipated implementation schedule of one year.
Key details regarding the approved strategic transactions are summarized below:
| Particulars | Entity/Item | Nature of Transaction | Mode of Investment / Funding | Investment/Consideration |
|---|---|---|---|---|
| WOS (India) | Rashi Semiconductor Solutions Pvt. Limited | Incorporation of WOS | Equity / Loan (inter-company) | Up to Rs. 80 crores |
| Step-down Subsidiary | Rashi Semiconductor Solutions Pte. Ltd. (Singapore) | Incorporation of Step-down subsidiary | Equity / Loan (inter-company) | N/A |
| Acquisition | RP Tech Electronics Limited | Acquisition from Promoters | N/A | Up to Rs. 10 crores |
For the acquisition of RP Tech Electronics Limited from the Promoters, the additional disclosures confirmed a total consideration of Rs. 1 Lacs, while the investment remained up to Rs. 10 crores. The board also noted that the acquisition constitutes a Related Party Transaction, for which the Audit Committee approval has been obtained.
RPTECH Stock Price Movement
Shares of Rashi Peripherals Limited are edging higher to ₹447.15 as of 1:46 PM today, rallying 1.56% in live trading. The stock showed significant strength today, hitting its 52-week high of ₹451.75 on a robust volume of 144,767 shares.Source:
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