News Orders & Deals Game Changers Texfab Limited Approves Incorporation of Subsidiary for Uniform Manufacturing BusinessGame Changers Texfab Limited Approves Incorporation of Subsidiary for Uniform Manufacturing Business
Game Changers Texfab Limited's board approved the incorporation of Game Changers Attirex Private Limited as a subsidiary company on February 23, 2026. The new subsidiary will focus on manufacturing and supplying school uniforms, corporate uniforms, and related materials with a paid-up capital of INR 10,00,000. Game Changers Texfab Limited will hold 80% shareholding, while the remaining 20% will be held by two individuals. The incorporation aligns with the company's strategy to diversify its textile business and strengthen its presence in the institutional uniform segment, with completion expected within 15-20 days.
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Game changers texfab Limited announced that its board of directors has approved the incorporation of a new subsidiary company during a meeting held on February 23, 2026. The board meeting, which commenced at 02:00 P.M. and concluded at 04:30 P.M., resulted in the approval to establish Game Changers Attirex Private Limited as a wholly-owned subsidiary.
Subsidiary Company Details
The new subsidiary will operate under the name Game Changers Attirex Private Limited and will be incorporated in India. The company is being established to undertake manufacturing, sourcing, distribution and supply of school uniforms, corporate uniforms and related publication materials.
| Parameter: | Details |
|---|---|
| Company Name: | Game Changers Attirex Private Limited |
| Country of Incorporation: | India |
| Business Focus: | School uniforms, corporate uniforms, and related publication materials |
| Authorized Capital: | INR 10,00,000 |
| Paid-up Capital: | INR 10,00,000 |
Capital Structure and Shareholding
The subsidiary will be incorporated with a paid-up capital of INR 10,00,000, comprising 1,00,000 equity shares of face value INR 10 each. The shareholding structure demonstrates Game Changers Texfab Limited's majority control while involving individual stakeholders.
| Shareholder: | Investment Amount | Shareholding Percentage | Number of Shares |
|---|---|---|---|
| Game Changers Texfab Limited: | INR 8,00,000 | 80% | 80,000 shares |
| Mr. Chetan: | INR 1,00,000 | 10% | 10,000 shares |
| Mr. Rohit: | INR 1,00,000 | 10% | 10,000 shares |
| Total: | INR 10,00,000 | 100% | 1,00,000 shares |
Strategic Rationale and Business Impact
The incorporation of Game Changers Attirex Private Limited aligns with Game Changers Texfab Limited's long-term strategy to diversify its textile and apparel verticals and strengthen its presence in the institutional and uniform segment. The company's existing sourcing expertise, vendor relationships, and industry knowledge in the textile and fabric segment will serve as a strategic advantage for the subsidiary in terms of product development and supply-chain efficiency.
The establishment of this subsidiary will not involve any transfer of existing business operations or assets from the parent company. The board confirmed that the incorporation does not fall within related party transactions as none of the promoter, promoter group, or group companies have any interest in the entity being incorporated.
Regulatory Compliance and Timeline
The incorporation process is subject to necessary filings and approvals from the Registrar of Companies and applicable disclosures under SEBI (LODR) Regulations. The company expects to complete the incorporation within a period of 15-20 days from the date of intimation to the exchange.
The announcement was made in compliance with Regulation 30 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Historical Stock Returns for Game Changers Texfab
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.49% | -12.81% | -17.37% | -1.01% | -1.01% | -1.01% |
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