Tokyo Plast to Incorporate Wholly Owned Subsidiary

Tokyo Plast International Ltd announced the approval for the incorporation of a wholly-owned subsidiary, Pinnacle Retail Private Limited, during a Board of Directors' meeting held on June 30, 2026. The subsidiary will focus on the retail distribution of stainless steel and plastic drinkware products. The authorized capital is ₹5,00,000 with an initial paid-up capital of ₹4,99,990. This move aims to enhance agility and customer focus in the retail segment. The transaction is considered an arm's length transaction, and the subsidiary will be a related party post-incorporation.