Investment13 Apr 2026, 06:01 pm
Linc invests ₹5.61 Cr in subsidiary Morris Linc for capex & working capital
AI Summary
Linc Ltd has made a further investment of ₹5,60,52,350 in its subsidiary, Morris Linc Private Limited, by subscribing to 56,05,235 equity shares at par. This capital infusion will be utilized by Morris Linc for capital expenditure and working capital requirements. Morris Linc, incorporated in 2023, is engaged in the manufacturing of writing instruments. Post-investment, Linc Ltd maintains its 50.01% shareholding in Morris Linc, with Morris Co. Ltd. holding 49.99%. The subsidiary reported a turnover of ₹56,08,682 for FY 2025-26.
Key Highlights
- Linc Ltd invested ₹5.61 crore in its subsidiary, Morris Linc Private Limited.
- Funds will support Morris Linc's capital expenditure and working capital needs.
- Morris Linc manufactures writing instruments and reported ₹56.09 lakh turnover in FY26.
- Linc Ltd's 50.01% shareholding in the subsidiary remains unchanged.