Purple Wave Infocom Completes Nano Theatre Subsidiary Incorporation in Delhi
Purple Wave Infocom Limited successfully incorporated its wholly owned subsidiary Nano Theatre Private Limited in Delhi on 30th March 2026, receiving the Certificate of Incorporation on the same date. The subsidiary has been established with 10,000 shares at Rs. 10.00 per share for AV industry expansion, completing one of the strategic initiatives approved during the board meeting held on 26th March 2026.
*this image is generated using AI for illustrative purposes only.
Purple Wave Infocom Limited has successfully completed the incorporation of its wholly owned subsidiary, Nano Theatre Private Limited, in Delhi on 30th March 2026. The company received the Certificate of Incorporation on the same date, marking a significant milestone in its strategic expansion plans within the AV industry.
Subsidiary Incorporation Details
The incorporation of Nano Theatre Private Limited represents the completion of one of the two subsidiary approvals announced during the board meeting held on 26th March 2026. The subsidiary has been established with specific capital structure and operational focus.
| Parameter: | Nano Theatre Pvt Ltd Details |
|---|---|
| Incorporation Date: | 30th March 2026 |
| Location: | Delhi, India |
| Authorized Capital: | 10,000 shares at Rs. 10.00 per share |
| Paid-up Capital: | 10,000 shares at Rs. 10.00 per share |
| Industry Focus: | AV Industry |
| Ownership: | 100% wholly owned subsidiary |
| Share Subscription: | At face value of Rs. 10.00 per share |
Regulatory Compliance and Disclosure
Purple Wave Infocom Limited has fulfilled its regulatory obligations by filing the necessary disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Shivani Gupta confirmed the receipt of the incorporation certificate and submitted the required documentation to BSE Limited.
| Compliance Details: | Information |
|---|---|
| Regulation: | SEBI LODR Regulation 30 |
| Filing Date: | 30th March 2026 |
| Exchange Notification: | BSE Limited |
| Company Symbol: | PURPLEWAVE |
| Related Party Transaction: | Yes, at arm's length |
Strategic Business Expansion
The incorporation of Nano Theatre Private Limited aligns with Purple Wave Infocom's strategic expansion in the AV industry. The subsidiary will focus on expanding the company's business operations within this sector, leveraging the parent company's expertise and market presence.
Other Corporate Developments
This subsidiary incorporation follows other significant corporate developments approved during the board meeting on 26th March 2026, including the introduction of "PWIL ESOP 2026" scheme with 4,00,000 employee stock options, and the acceptance of CEO resignation effective 1st April 2026. The board also approved plans for a second subsidiary incorporation in the United Arab Emirates, subject to regulatory approvals.
Extraordinary General Meeting
The company has scheduled an Extraordinary General Meeting for 9th May 2026 at 02:00 PM to seek shareholder approval for the ESOP scheme. The meeting will be conducted through video conferencing, with notices to be circulated to shareholders via email.
Historical Stock Returns for Purple Wave Infocom
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.22% | +19.83% | +13.21% | -1.15% | -1.15% | -1.15% |
What specific AV industry segments will Nano Theatre Private Limited target to differentiate from Purple Wave's existing operations?
How will the upcoming CEO transition on April 1st impact the strategic direction and execution of the new subsidiary's business plan?
What timeline and investment scale is planned for the second subsidiary incorporation in the UAE, and how will it complement the Delhi operations?
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