Board approves incorporation of two wholly owned subsidiaries in plastics packaging and returnable packaging pooling

Board has approved setting up two new wholly owned subsidiaries (100% owned), both in India, funded in cash.

Tue 29 Sep 2026

Subsidiary 1 Name

Vimprotech Private Limited

Subsidiary 1 Initial Subscription

Rs 4,03,00,000 (40,30,000 equity shares of Rs 10/- each)

Subsidiary 2 Name

Total International Packaging Solutions Private Limited

Subsidiary 2 Initial Subscription

Rs 1,65,00,000 (16,50,000 equity shares of Rs 10/- each)

Ownership Structure

Both subsidiaries 100% owned

What was approved

The Board approved the incorporation of two new wholly owned subsidiaries. Both are proposed to be incorporated in India and both will be 100% held by the company, with initial capital contributed in cash.

Subsidiary 1 — Vimprotech Private Limited

• Industry: Plastics Processing / Packaging Industry.
• Line of business: manufacturing of vacuum-formed, thermoformed and injection-moulded products and packaging solutions, serving automobiles, electrical and electronics, consumer durables, agriculture, food packaging, logistics and industrial manufacturing.
• Proposed initial subscription: Rs 4,03,00,000 (40,30,000 equity shares of Rs 10/- each).

Subsidiary 2 — Total International Packaging Solutions Private Limited The name may alternatively be Total Integral Packaging Solutions Private Limited, or such other name as approved by the Registrar of Companies / Central Registration Centre.

• Industry: Logistics / supply-chain support services.
• Line of business: pooling of returnable packing materials, catering to auto and other industry manufacturers.
• Proposed initial subscription: Rs 1,65,00,000 (16,50,000 equity shares of Rs 10/- each).

Other details

• Consideration is cash in both cases; no share swap.
• No governmental or regulatory approval is stated as applicable for the incorporation.
• The Board meeting began at 04:00 p.m. and concluded at 04:20 p.m.

How to read it

This is an organic expansion step rather than a purchase of an existing business. The combined proposed initial outlay across the two entities is modest in absolute terms, and the companies are yet to be incorporated, so operations and any contribution to results would begin later. The returnable packaging pooling entity sits close to the company's existing pooling-style activity, while the plastics manufacturing entity extends into making the products themselves.

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