News Orders & Deals Bai-Kakaji Polymers Board Approves Incorporation of Wholly Owned Subsidiary Mundada PolymersBai-Kakaji Polymers Board Approves Incorporation of Wholly Owned Subsidiary Mundada Polymers
Bai-Kakaji Polymers Limited's Board of Directors approved the incorporation of wholly owned subsidiary Mundada Polymers Private Limited on January 27, 2026. The subsidiary will have Rs. 10,00,000 authorized and paid-up capital with 1,00,000 equity shares of Rs. 10 each. The new entity will take over the proprietorship firm M/s Mundada Polymers owned by a promoter's relative and focus on manufacturing, trading, and processing specialty polymer films and flexible packaging materials in the polymers industry.
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Bai-Kakaji Polymers Limited has announced the board approval for incorporating a wholly owned subsidiary company, marking a strategic expansion in its polymer business operations. The decision was made during a board meeting held on January 27, 2026, as disclosed under Regulation 30 of SEBI Listing Regulations.
Board Meeting Details
The Board of Directors meeting commenced at 5:00 p.m. and concluded at 5:50 p.m. IST on January 27, 2026. The board approved the incorporation of the subsidiary under the provisions of the Companies Act, 2013, with the name "Mundada Polymers Private Limited" already receiving approval from the Registrar of Companies.
Subsidiary Structure and Capitalization
| Parameter: | Details |
|---|---|
| Company Name: | Mundada Polymers Private Limited |
| Ownership: | 100% wholly owned subsidiary |
| Authorized Capital: | Rs. 10,00,000 |
| Paid-up Capital: | Rs. 10,00,000 |
| Share Structure: | 1,00,000 equity shares of Rs. 10 each |
| Industry Focus: | Polymers industry |
Business Objectives and Operations
The newly incorporated subsidiary will serve dual primary objectives. First, it will take over and acquire the entire business of "Mundada Polymers," currently operated as a proprietorship by a relative of the promoter, as a going concern. Second, the subsidiary will engage in comprehensive polymer business activities including:
- Manufacturing, producing, and processing specialty films
- Converting, coating, laminating, and printing operations
- Trading, importing, and exporting polymer products
- Marketing and distributing various film types including polymer films, plastic films, flexible packaging films, industrial films, protective films, barrier films, shrink films, stretch films, and multilayer films
Related Party Transaction Details
| Aspect: | Information |
|---|---|
| Related Party Nature: | Wholly owned subsidiary |
| Promoter Interest: | Taking over proprietorship firm owned by promoter's relative |
| Business Line: | Flexible Plastic Manufacturing & Trading |
| Incorporation Status: | To be incorporated |
| Country of Operation: | India |
The transaction involves taking over M/s Mundada Polymers, which operates as a proprietorship firm owned by a relative of the company's promoter. This acquisition will bring the existing polymer operations under the corporate structure of Bai-Kakaji Polymers Limited.
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of SEBI Listing Regulations, following SEBI Master Circular guidelines dated November 11, 2024, and December 31, 2024. No additional governmental or regulatory approvals are required for this incorporation, as it represents a standard subsidiary formation process under existing corporate regulations.
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