Incorporation of a wholly owned subsidiary for securities investment activities
Avance Technologies incorporated a wholly owned subsidiary, Avance Holding Private Limited, on 21st October, 2026.
By ScoutQuest · · 2 min read
- Incorporation date
- 21st October, 2026
- Authorised capital
- Rs. 25 lakh in 2.5 lakh shares of Rs. 10/- each, fully subscribed
- Shareholding
- 100%
What happened
Avance Technologies Ltd has informed the stock exchanges that Avance Holding Private Limited has been incorporated as its wholly owned subsidiary under the Companies Act, 2013. The Certificate of Incorporation was received from the Central Registration Centre, Ministry of Corporate Affairs, on 21st October, 2026. A wholly owned subsidiary is a separate company in which the parent company holds all the shares.
Key numbers
- Authorised share capital of the subsidiary: Rs. 25 lakh (Rupees Twenty Five Lakhs Only), divided into 2.5 lakh equity shares of Rs. 10/- each.
- The company has fully subscribed to 2.5 lakh equity shares of the subsidiary, having a face value of Rs. 10/- each.
- Shareholding: 100% held by Avance Technologies Ltd.
- Consideration: payment in cash by the holding company towards the initial subscription to the Memorandum of Association, for shares subscribed to by the holding company and its nominee.
Stated purpose
The update says the objective is to establish a wholly owned subsidiary to undertake investment activities in securities and other financial instruments, thereby creating opportunities for long-term growth and future prospects. The subsidiary's industry is described as investment in every kind of securities in accordance with its Memorandum of Association. It is a newly incorporated entity, with date of incorporation 21st October, 2026, and presence in India.
The annexure also records that the transaction is shown as not falling within related party transactions, as it is a newly incorporated wholly owned subsidiary, and that no governmental or regulatory approvals are required.
How to read this
- This is a newly formed entity, so there is no past business or turnover attached to it at this stage.
- The money involved is the initial subscription at face value of Rs. 10/- per share for 2.5 lakh shares, paid in cash by the parent.
- A separate investment subsidiary can hold securities and financial instruments in a distinct entity rather than directly in the listed company; the update sets out the purpose as investment activity aimed at long-term growth and future prospects.
More numbers
- Authorised share capital of the subsidiaryRs. 25,00,000/-
- Equity shares of the subsidiary subscribed2,50,000
- Face value per equity share of the subsidiaryRs. 10/-
- Shareholding held by Avance Technologies Ltd100%
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