Satchmo Holdings Limited has incorporated a wholly owned subsidiary to expand its business operations into facility management services. The company announced the formation of Satchmo Services Private Limited on January 21, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Details and Capital Structure

The newly incorporated subsidiary operates under the Corporate Identification Number U82990KA2026PTC214612 and has been established with specific capital parameters:

Business Focus and Operations

Satchmo Services Private Limited has been incorporated to promote facility management services, including business support services and combined facilities support services. The subsidiary will operate in the service industry sector, representing a strategic expansion for the parent company.

Investment and Shareholding Structure

Satchmo Holdings Limited made an initial investment through NEFT bank transfer to establish the subsidiary:

Management and Regulatory Framework

The subsidiary has been established with Mr. Ramesh Karur Raghavendran and Mr. Pradeep Narayan as the first directors. The registered office is located at No. 110, C Wing, Andrews Building, Level 1, M G Road, Bengaluru-560 001, Karnataka, India.

The company will require regulatory approvals from Private Security Agency Licensing Portal, PSARA, and other applicable authorities as needed for its operations. Since this is a newly incorporated entity, no historical turnover data is available.

Corporate Compliance

The incorporation follows the company's earlier communication dated January 15, 2025, and complies with SEBI Circular No CIR/CFD/CMD/4/2015 dated September 09, 2015. As a wholly owned subsidiary, the initial subscription does not fall within related party transaction requirements under the regulatory framework.