Wanbury Limited Approves Subsidiary Incorporation and Appoints Auditors for FY2026-27
Wanbury Limited announced several key corporate developments following its Board meeting held on June 26, 2026. The company’s board accorded consent for the incorporation of a new subsidiary in India, alongside approving the appointments of the Internal Auditor and Cost Auditor for the Financial Year 2026-27.The Board meeting approved the creation of the subsidiary, which will operate within the Pharmaceutical Industry. The subscription to the share capital of the proposed entity is structured through cash consideration. Wanbury Limited plans to invest an estimated initial aggregate capital outlay of approximately 4,10,000/- (Rupees Four Lakh and Ten Thousand only).
The company is set to subscribe to 82% of the total paid-up equity share capital of the proposed subsidiary. This subscription involves 41,000 equity shares, each having a face value of approximately 10 /- (Rupees Ten only). The details concerning the incorporation are set out as follows:
| Particulars | Details |
|---|---|
| Proposed Subsidiary Name | Wanbury Skin Health Limited (or approved alternative) |
| Industry | Pharmaceutical Industry |
| Investment Type | Cash Consideration |
| Equity Stake | 82% |
| Aggregate Capital Outlay | Approximately 4,10,000/- |
The appointments of the company’s statutory and cost auditors were also finalized during the board meeting. M/s. Ernst & Young LLP, a leading professional services firm, was appointed as the Internal Auditor for the Financial Year 2026-27. EY is noted for its over 30 years of experience in various areas including Internal Audit and Risk Consulting.
M/s. ABK & Associates, Cost Accountants, was simultaneously appointed as the Cost Auditor for the same financial period. Established in 1989, ABK & Associates specializes in services such as Cost Audit and Management Consultancy, with offices located in Mumbai, Indore, Delhi, and Vadodara.
The Board meeting commenced at 3:35 p.m. and concluded at 4:15 p.m., approving these corporate actions.
WANBURY Stock Price Movement
Wanbury Limited shares slipped by 1.47% to settle at ₹274.35 on Thursday, closing down ₹4.10 from the previous close. The stock traded within a session range of ₹270.85 and ₹282.95.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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