Divgi Torqtransfer Systems Limited has expanded its global footprint by incorporating a wholly-owned subsidiary in the United States. The new entity, named Divgi Transmission Technologies And Systems Inc., was established in the State of Delaware on June 04, 2026. This strategic move aims to enhance the company's presence in the automotive industry through focused business development and sales operations in the North American market.

The subsidiary will operate as a related party of the parent company, with Divgi Torqtransfer Systems Limited holding 100% of the share capital via overseas direct investment. The registered office of the new entity is located at 8th Green, Street, in the City of Dover, County of Kent, Zip Code 19901. The incorporation follows a prior approval from the Board of Directors and an earlier disclosure made on May 25, 2026.

Business Operations and Regulatory Approvals

The newly formed subsidiary will focus on advanced business development, sales, marketing, promotion, and distribution. This expansion is subject to necessary regulatory approvals and licenses from authorities in both India and the United States. The operations will be conducted under the applicable provisions of the Foreign Exchange Management Act and regulations from the Reserve Bank of India.

Key Details of the Subsidiary

Divgi Torqtransfer Systems Limited corrected discrepancies in its financial reporting for the year ended March 31, 2025, by resubmitting its results to the National Stock Exchange on July 11, 2025. The company addressed a mismatch in the Profit After Tax (PAT) figures between the XBRL and PDF versions of the initial filing. This resubmission ensures accuracy in the reported financial data for the period.

The statutory auditors of the company issued an Auditor's Report with an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2025. Consequently, the company stated that a statement detailing the impact of audit qualifications is not required. The initial results were disclosed following the board meeting held on May 30, 2025.

The clarification was provided in response to queries from the exchange regarding the data inconsistencies and the absence of a declaration regarding the unmodified opinion. The company confirmed that the necessary declaration has now been filed in PDF format.

Key Disclosures

The filing was made by Aniket Kokane, Company Secretary & Compliance Officer, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.