Subsidiary5 Nov 2026, 06:24 pm
Oceanic Foods Incorporates Wholly-Owned Subsidiary
AI Summary
Oceanic Foods Ltd has announced the incorporation of its wholly-owned subsidiary, 'JULYY'S FOODS INTERNATIONAL PRIVATE LIMITED', on November 5, 2026, in Jamnagar, Gujarat. The subsidiary has a share capital of ₹10,00,000 (₹10 Lakhs INR). Its business will focus on the dehydration of fruits and vegetables, and the grinding and processing of spices, both in India and abroad. The company stated that the subsidiary is yet to commence business, hence its turnover is not applicable. This incorporation is a related party transaction as it is a wholly-owned subsidiary.
Key Highlights
- Oceanic Foods Ltd incorporated a new wholly-owned subsidiary.
- The subsidiary, 'JULYY'S FOODS INTERNATIONAL PRIVATE LIMITED', will focus on food processing.
- Initial share capital of the subsidiary is ₹10 Lakhs.
- The subsidiary aims to operate in both domestic and international markets.
- The entity is yet to commence its business operations.
Price Impact
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