Colab Platforms Limited has successfully incorporated a wholly owned subsidiary to expand its technology services capabilities. The company announced the formation of COLAB GLOBAL VENTURES PRIVATE LIMITED through a regulatory filing with BSE Limited on February 24, 2026.

Subsidiary Details and Capital Structure

The newly incorporated subsidiary carries the Corporate Identification Number U62099MH2026PTC468730 and was officially incorporated on February 19, 2026. The entity has been established with a robust capital structure designed to support its operational objectives.

Business Scope and Strategic Objectives

The subsidiary will operate in the technology sector with a comprehensive service portfolio. COLAB GLOBAL VENTURES PRIVATE LIMITED will focus on designing, developing, marketing and servicing software, IT solutions, digital platforms, computer hardware, and related products and services. The business scope also includes consultancy, data processing, training, and technology-enabled solutions.

According to the regulatory disclosure, the proposed wholly owned subsidiary will support the holding company's growth strategy by carrying out software development, IT services, digital solutions, consultancy and allied technology activities. These operations align with Colab Platforms Limited's main business objectives and represent a strategic expansion of the company's service capabilities.

Regulatory Compliance and Structure

Colab Platforms Limited has fulfilled all regulatory requirements for the subsidiary formation. The company confirmed that it has fully subscribed to all 2,50,000 equity shares of the subsidiary, maintaining complete ownership control. The subscription amount will be paid in cash for shares taken by individual subscribers who serve as nominees of the company.

Since this represents the incorporation of a new wholly owned subsidiary rather than an acquisition, no related party transaction considerations apply. Additionally, no governmental or regulatory approvals were required for this incorporation process.

Corporate Information

Colab Platforms Limited, with CIN L65993DL1989PLC038194, operates from its registered office at Innov8 CP2 44, Backary Portion, Regal Building, New Delhi, 110001. The company trades on BSE Limited under script code 542866 with script ID COLAB. The incorporation announcement was signed by Director Mukesh Jadhav (DIN: 09539015) in compliance with SEBI Listing Regulations.

Colab Platforms Limited has informed BSE about the resignation of its statutory auditor M/s. Rawka & Associates, effective February 18, 2026. The resignation comes due to the auditing firm's inability to renew their Peer Review Certificate within the required statutory timeline, as communicated through a formal intimation under Regulation 30 of SEBI Listing Regulations.

Auditor Details and Tenure

Rawka & Associates, a chartered accounting firm with FRN No. 021606C, was appointed as statutory auditor on September 30, 2023. Their original term was scheduled to continue until March 31, 2027, covering the period from the conclusion of the 33rd Annual General Meeting until the AGM to be held in 2027.

Reason for Resignation

The auditing firm explained that their peer review certificate validity is due to expire, and the renewal application process may take an uncertain timeframe. Since a valid peer review certificate is mandatory for continuing as statutory auditor under applicable regulatory provisions, the firm decided to resign to ensure the company's compliance with SEBI Listing Regulations.

In their resignation letter dated February 18, 2026, Venus Rawka, Partner (M. No.: 429040), stated that the firm had communicated with the company regarding their peer review status and confirmed there were no other material reasons for the resignation.

Company Response and Compliance

Colab Platforms Limited, through Managing Director Puneet Singh Chandhok (DIN: 01546843), has informed BSE about the resignation and requested the exchange to take the same on record. The company has enclosed the resignation letter received from the auditor along with detailed annexures as required under regulatory provisions.

Auditor's Declaration

Rawka & Associates confirmed in their declaration that the information provided is correct and complete, with no other material reasons for resignation beyond the peer review certificate issue. The firm has requested the board of directors to accept their resignation and complete necessary compliances, including filing Form ADT-3 with the Registrar of Companies.