Xtranet Technologies to Incorporate Wholly Owned Subsidiary

Xtranet Technologies Limited announced that its Board of Directors has approved the incorporation of a wholly owned subsidiary, "XtraNet Data Centre Private Limited". The new entity will focus on establishing, developing, owning, operating, and commercializing data centers and related digital infrastructure, including cloud, colocation, and AI-ready infrastructure. The initial paid-up share capital for the subsidiary will be ₹5,00,000 (50,000 equity shares of ₹10 each), to be paid through banking channels. This move signifies Xtranet's strategic expansion into the data center and digital infrastructure space.