Wholly owned subsidiary TERRANEXA AGTECH INC incorporated in New Jersey, USA
Integrated Proteins Ltd has incorporated a wholly owned subsidiary, TERRANEXA AGTECH INC, in New Jersey, USA, for agricultural technology services.
By ScoutQuest · · 2 min read
- Share Capital
- $1000 (approx ₹95,000)
- Share Structure
- 1000 shares of USD 1 each
- Stake Held
- 100% of Total Capital
What the company informed the exchange
- Integrated Proteins Ltd has incorporated a wholly owned subsidiary with the name and style of TERRANEXA AGTECH INC in New Jersey, USA.
- The entity is in agricultural technology services and all other lawful activities under state law (USA), and is stated to be engaged in the same business as the holding company.
- The stated object is agricultural technology services; the stated impact is to leverage new growth opportunities in the US markets.
Key numbers from the disclosure
- Authorised share capital: $1000 (ONE THOUSAND USD), amounting to approximately ₹95,000, divided into 1000 shares of USD 1 each.
- Paid-up share capital: $1000 (ONE THOUSAND USD ONLY), amounting to approximately ₹95,000, divided into 1000 shares of USD 1 each.
- Cost of acquisition or the price at which the shares are acquired: at the face value of $ 1 (₹ 95 Approx).
- Shareholding/control acquired: 100% of Total Capital.
- Nature of consideration: Cash.
- Turnover: Not Applicable; history of last 3 years turnover: Not Applicable.
Ownership and related party position
- The entity would be a wholly owned subsidiary of the company, and hence the subsidiary will be a related party of the company and other subsidiaries.
- Save and except the above, the promoters, promoter group and group companies are not interested in the transaction, as stated in the annexure.
Approvals and timeline
- Governmental or regulatory approvals required for the incorporation: Reserve Bank of India and other statutory and regulatory authorities in New Jersey, USA.
- Indicative time period for completion of the acquisition: NA.
How a retail investor can read this
The disclosure is about setting up a wholly owned overseas subsidiary rather than buying an existing business. The capital involved is small in absolute terms, at $1000 (about ₹95,000), and the company holds 100% of it, so the new entity would be folded into the company's own books. The stated reason is to tap growth opportunities in the US markets in the agricultural technology space. The update states that approvals from the Reserve Bank of India and US authorities in New Jersey are required for the incorporation. This is an early-stage step; any financial contribution to the company's earnings would depend on how the new subsidiary's business develops.
Also from Integrated Proteins
AGM proceedings: Independent Director regularised, Secretarial Auditor appointed
30 Sep 2026
AGM Proceedings: Independent Director Regularised, Secretarial Auditor Appointed for FY 2026-27
30 Sep 2026
More numbers
- Authorised share capital of the new subsidiary$1000 (ONE THOUSAND USD)
- Paid-up share capital of the new subsidiary$ 1000 (ONE THOUSAND USD ONLY)
- Approximate rupee value of the capital₹95,000/-
- Number of shares of the subsidiary1000 shares Of USD 1 Each
- Face value per share in rupees₹ 95 Approx
- Face value per share in USD$ 1
- Shareholding/control acquired100% of Total Capital
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