NewsOrders & DealsClenon Enterprises Limited Incorporates Wholly Owned Subsidiary for Real Estate OperationsClenon Enterprises Limited Incorporates Wholly Owned Subsidiary for Real Estate Operations
Clenon Enterprises Limited has incorporated Clenon Properties Private Limited as a wholly owned subsidiary on January 9, 2026, with ₹10.00 lakh authorized capital and ₹1.00 lakh paid-up capital. The parent company holds 99% shareholding through an investment of ₹99,000.00. The subsidiary will focus on real estate and logistics operations including property development, warehouse management, and infrastructure facilities, marking Clenon Enterprises' strategic diversification into new business sectors.
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Clenon Enterprises Limited has announced the incorporation of a wholly owned subsidiary, Clenon Properties Private Limited, marking the company's strategic expansion into the real estate and logistics sector. The subsidiary was incorporated on January 9, 2026, with the certificate of incorporation issued on January 13, 2026.
Corporate Structure and Capitalization
The newly formed subsidiary has been established with a clear capital structure designed to support its real estate operations.
| Parameter: | Details |
|---|---|
| Company Name: | Clenon Properties Private Limited |
| CIN: | U68100TS2026PTC209480 |
| Authorized Capital: | ₹10.00 lakh |
| Share Structure: | 1,00,000 equity shares of ₹10.00 each |
| Paid-up Capital: | ₹1.00 lakh |
| Issued Shares: | 10,000 equity shares of ₹10.00 each |
Shareholding Pattern
Clenon Enterprises Limited holds a dominant position in the subsidiary with significant ownership stake.
| Shareholding Details: | Amount/Percentage |
|---|---|
| Clenon Enterprises Shareholding: | 99% |
| Number of Shares Held: | 9,900 equity shares |
| Investment Amount: | ₹99,000.00 |
| Cost per Share: | ₹10.00 |
Business Objectives and Operations
Clenon Properties Private Limited will operate in the real estate and logistics industry, focusing on comprehensive property development and management services. The subsidiary's business objectives include:
- Acquiring, purchasing, leasing, and developing real estate properties
- Constructing and operating warehouses and logistics parks
- Managing industrial parks and commercial complexes
- Operating godowns, cold storage facilities, and terminals
- Developing infrastructure facilities and transportation hubs
Regulatory Compliance
The incorporation has been completed in compliance with SEBI regulations, specifically under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this wholly owned subsidiary constitutes a related party transaction due to common directorship and ownership structure. All future transactions with the subsidiary will be conducted on an arm's length basis to ensure regulatory compliance.
Strategic Implications
The formation of Clenon Properties Private Limited represents Clenon Enterprises Limited's diversification strategy beyond its traditional business operations. The subsidiary is yet to commence business operations, with no turnover recorded as of the incorporation date. This expansion into real estate and logistics sectors positions the company to capitalize on opportunities in property development and infrastructure management.
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