Nutricircle Ltd Incorporates Wholly Owned Subsidiary in Denmark

Nutricircle Ltd has announced the incorporation of its wholly owned subsidiary, Nutricircle Europe ApS, in Denmark on May 20, 2026. The new entity, based in Aarhus, Denmark, will focus on the development, production, and sale of plant-based ingredients and food products, exploring new business opportunities in the European market. The initial investment in the subsidiary's share capital amounts to approximately Rs. 3,00,000 (DKK 20,000). The Managing Director of Nutricircle Ltd, Hitesh Mohanlal Patel, also holds an Executive Director position in the subsidiary, and the transaction is considered a related party transaction conducted at arm's length.