Subsidiary23 Apr 2026, 01:16 pm
Pee Cee Cosma Sope to incorporate Abhaya Nourishtech as WOS
AI Summary
Pee Cee Cosma Sope Ltd has announced the proposed incorporation of a wholly-owned subsidiary named Abhaya Nourishtech Limited. The Executive Committee of the Board approved the move on April 23, 2026. The new entity will focus on milk proteins, plant proteins, food, and nutraceutical ingredients and finished products. The proposed authorized share capital is ₹5 crore, with an initial paid-up capital of ₹4 crore, fully subscribed in cash by Pee Cee Cosma Sope Ltd. This strategic step aims to expand the company's presence in the food and nutraceutical sector.
Key Highlights
- Executive Committee approved the incorporation of a Wholly Owned Subsidiary.
- The new subsidiary, Abhaya Nourishtech Limited, will focus on food and nutraceuticals.
- Proposed authorized share capital is ₹5 crore, with ₹4 crore as paid-up capital.
- Pee Cee Cosma Sope Ltd will hold 100% of the new subsidiary.
- The entire paid-up capital will be subscribed in cash.
Price Impact
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