StockWatch
·
Packaging
Acquisitions4 Aug 2026, 04:40 pm

Worth Peripherals Acquires Equity in Wholly Owned Subsidiary

AI Summary

Worth Peripherals Ltd announced that its Board of Directors, in a meeting held on August 4, 2026, approved the acquisition of equity shares in its wholly-owned subsidiary, Worth Wellness Private Limited, through the conversion of a loan into equity. The company also approved the unaudited financial results for the quarter ended June 30, 2026, and appointed RS Mantri And Associates as the Secretarial Auditor for a five-year term. Additionally, Worth Wellness Private Limited commenced commercial production at its new corrugated packaging manufacturing facility in Indore on August 1, 2026, a state-of-the-art facility designed with sustainability and automation at its core.

Key Highlights

  • Worth Peripherals converted loan into equity for its subsidiary.
  • Subsidiary Worth Wellness commenced commercial production on Aug 1, 2026.
  • New facility is a state-of-the-art corrugated packaging plant.
  • Board approved Q1 FY27 unaudited financial results.
  • Secretarial Auditor appointed for a five-year term.