Rashi Peripherals Limited announced on February 3, 2026, that its Board of Directors has approved the formation of a step-down subsidiary in the UAE. This new entity will be a wholly-owned subsidiary of the company's existing subsidiary, Rashi Peripherals Pte. Ltd. The Board meeting commenced at 4:30 p.m. IST and concluded at 7:10 p.m. IST. The new subsidiary, tentatively named Rashi Peripherals LLC or a similar approved name, will be established in Dubai. It will have an authorized and paid-up share capital of UAE Dirham 1,00,000. Rashi Peripherals Pte. Ltd. will be the holding company, with Rashi Peripherals Limited as the ultimate parent company. The investment by the subsidiary company is expected to be up to US $ 5,00,000. The entity will operate in the Distribution of Information and Communication Technology (ICT) sector. No governmental or regulatory approvals are required for this incorporation, and the consideration is not applicable as it involves subscription to shares. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
