Piccadily Agro Industries Incorporates Wholly Owned Subsidiary
Piccadily Agro Industries Limited has announced the incorporation of its wholly owned subsidiary, "Piccadily Food & Essentials Limited". The Certificate of Incorporation was received by the company on...
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Why is Piccadily Agro Industries Limited in the news today?
Piccadily Agro Industries Limited (PICCADIL) is in the news due to the incorporation of a wholly owned subsidiary is a routine corporate action and does not inherently indicate a positive or negative development for the company's financial performance or market position.
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Piccadily Agro Industries Incorporates Wholly Owned Subsidiary
December 18, 2025, 04:50 PM
Piccadily Agro Industries Limited has announced the incorporation of its wholly owned subsidiary, "Piccadily Food & Essentials Limited". The Certificate of Incorporation was received by the company on December 15, 2025.
Piccadily Food & Essentials Limited has an authorized share capital of ₹1,00,000 (Rupees 1 Lakh), divided into 10,000 equity shares of ₹10 each. The initial capital subscription is in cash, with Piccadily Agro Industries Limited holding 100% shareholding in the new entity. The subsidiary has not yet commenced its business operations, and the incorporation is not related to acquisition but rather the establishment of a new company.
The company has provided this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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