Tokyo Plast Incorporates Wholly Owned Subsidiary for Retail Distribution

Tokyo Plast International Ltd announced the incorporation of a wholly owned subsidiary, Pinnacle Retail Private Limited, approved by the Board of Directors on June 30, 2026. This strategic move aims to enhance the dedicated focus on the retail distribution of the company's stainless steel and plastic drinkware products, promoting a more agile and customer-centric approach. The subsidiary will have an authorized capital of ₹5,00,000 and an initial paid-up capital of ₹4,99,990, funded through cash. The transaction is considered at arm's length, with the subsidiary being a related party post-incorporation. This initiative is expected to streamline operations and improve market responsiveness.