Bhartiya International Limited (BIL) has announced the incorporation of an overseas step-down subsidiary in the United Kingdom. This decision was approved by the Board of Directors of Ultima SA, a Wholly Owned Subsidiary (WOS) of BIL, during their meeting on January 15, 2026. The new entity, to be set up in the United Kingdom, will be a step-down WOS of Bhartiya International Limited, aimed at supporting the company's business operations in the UK. The textile and apparel business will be the primary focus of the incorporated entity. The initial investment for this subsidiary will not exceed GBP 50,000 (Pounds Fifty Thousand only), which will be divided into 5,000 ordinary shares of GBP 10 each. Bhartiya International Limited will indirectly hold 100% of the shares in this new wholly owned step-down subsidiary through Ultima SA. No governmental or regulatory approval is required for this incorporation.
