Shamrock Industrial Company Limited announced the Board of Directors' approval for incorporating three wholly owned subsidiaries across strategic international locations during a board meeting held on December 22, 2025. The meeting, conducted from 3:00 PM to 5:00 PM, marked a significant step in the company's international expansion into renewable energy, digital infrastructure, and cryptocurrency sectors.

Strategic International Expansion Plan

The company has received board approval for establishing subsidiaries in three key international markets, each designed to capitalize on regional advantages in emerging technology sectors.

Comprehensive Business Operations

Each subsidiary will engage in identical business activities across six primary sectors to create diversified revenue streams:

• Renewable and conventional power projects development
• Data center facilities establishment and operation
• Specialized computing servers and application-specific integrated circuits procurement and operation
• Infrastructure-as-a-service offerings to enterprise customers
• Independent power production capabilities
• Bitcoin trading, holding, transferring, and dealing operations

All business activities will be conducted in compliance with applicable laws and regulations in respective host jurisdictions, including related, incidental, and ancillary activities as permitted.

Regulatory Compliance Framework

The incorporation process follows SEBI Regulation 30 requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted detailed annexures for each subsidiary as required under SEBI Master Circular guidelines.

Business Diversification Objective

The primary objective behind these incorporations is expansion and diversification of business operations beyond traditional industrial activities. The strategic positioning across UAE, Singapore, and Norway enables the company to leverage each region's specific advantages in renewable energy development, digital infrastructure, and cryptocurrency operations.

The company will submit detailed information to stock exchanges upon receipt of incorporation certificates from respective regulatory authorities in each jurisdiction. This expansion positions Shamrock Industrial Company Limited to capitalize on growing opportunities in sustainable energy and digital infrastructure sectors globally.

Shamrock Industrial Company Limited held a board meeting on December 11, where directors approved significant corporate decisions including auditor appointment and subsidiary incorporation. The meeting, conducted from 3:00 PM to 5:00 PM at the registered office in Mumbai, addressed key strategic and compliance matters under SEBI regulations.

Statutory Auditor Appointment

The board approved the appointment of Motilal Associates LLP, Chartered Accountants (FRN: 106584W/W100751), as the company's statutory auditor based on the audit committee's recommendation. This appointment fills the casual vacancy created by the resignation of the previous auditors, Devpura Navlakha & Co., Chartered Accountants.

Motilal Associates LLP, established in 1985 with headquarters in Mumbai, operates as a multi-disciplinary chartered accountancy firm. The firm specializes in audit and assurance, direct and indirect taxation, business advisory, risk advisory, management accounting, IFRS advisory, due diligence, and company law matters. The appointment complies with Section 139(8) of the Companies Act, 2013, and SEBI Listing Regulations, 2015.

Wholly-Owned Subsidiary Incorporation

The board approved incorporating a wholly-owned subsidiary company in India, tentatively named HODL Energy Private Limited, subject to regulatory approval. The subsidiary will operate across diverse business verticals spanning energy, technology, and digital assets.

Financial and Timeline Details

The subsidiary incorporation involves an initial investment structure designed for future business expansion and diversification beyond the parent company's main operations.

The proposed subsidiary represents a strategic expansion into renewable energy, data infrastructure, and cryptocurrency operations. As a related party transaction conducted at arm's length basis, the incorporation requires compliance with regulatory requirements and will be subject to ongoing SEBI disclosure obligations.

Regulatory Compliance

Both decisions align with SEBI LODR Regulations under Regulation 30, with detailed disclosures provided to BSE Limited. The company will submit additional details upon receiving the Certificate of Incorporation for the subsidiary. The auditor appointment requires shareholder ratification within the stipulated three-month period to ensure compliance with statutory requirements.