OROberoi Realty533273Subsidiary or JV

Board approves incorporation of a wholly owned subsidiary with Rs. 1 Lakh initial capital

Oberoi Realty's Board has approved incorporating a wholly owned subsidiary.

By ScoutQuest · Fri 16 Oct 2026, 5:19 PM IST · 2 min read

Initial Paid-up and Subscribed Share Capital

Rs. 1 Lakh

Shareholding and Control

100%

Consideration

cash

Board approves a new wholly owned subsidiary

The Board of Directors of Oberoi Realty Limited, at its meeting held on October 16, 2026, approved the incorporation of a wholly owned subsidiary (WOS). The meeting commenced at 2:30 p.m. and concluded at 3:45 p.m.

Scale of the step

• Initial paid-up and subscribed share capital: Rs. 1 Lakh
• The company shall subscribe to the entire initial paid-up share capital of Rs. 1,00,000, issued at par value
• Shareholding and control: 100%
• Nature of consideration: cash
• Business of the new entity: real estate construction - development
• Country of incorporation: India

What the subsidiary is for

The new company is being set up to undertake project or projects as may be identified from time to time. Its stated line of business is real estate construction - development, and it will be a wholly owned subsidiary of Oberoi Realty Limited.

Approvals still needed

The incorporation of the proposed WOS is subject to the approval of the concerned office of the Ministry of Corporate Affairs. Until that approval comes through, the entity is not yet incorporated, and its name, date and registration details will be made available by the concerned office of the Ministry of Corporate Affairs.

How to read it

The capital committed at this stage, Rs. 1 Lakh, is small in relation to a company of Oberoi Realty's size, so the immediate financial outgo is limited. The relevance for investors lies in the structure being created: a wholly owned vehicle that the company can use to take up real estate construction and development projects as and when they are identified. Control stays fully with the listed company at 100%.

Points worth noting

• This is an approval to incorporate a new entity, not the acquisition of an existing business.
• The consideration is cash and the shares are issued at par value, meaning the subscription is at the face value of the shares.
• The incorporation is subject to approval of the Ministry of Corporate Affairs.

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