TAKE Solutions Limited has announced the incorporation of a wholly owned subsidiary to strengthen its presence in the technology sector. The company informed stock exchanges about this corporate development through a regulatory filing dated 11th March 2026.

Subsidiary Details and Structure

The newly incorporated subsidiary, TAKE VENTURES PRIVATE LIMITED, has been assigned Corporate Identity Number U62099MH2026PTC469230. The Ministry of Corporate Affairs, Central Registration Centre, issued the Certificate of Incorporation on 11th March 2026.

Business Operations and Industry Focus

TAKE VENTURES PRIVATE LIMITED will operate in the Information Technology industry with a comprehensive scope of technology-related activities. The subsidiary's business objectives encompass multiple areas of IT services and solutions.

The company will engage in:

• Design, development, marketing and servicing of software
• IT solutions and computer hardware services
• IT consultancy and data processing
• Computer training services
• Technology-enabled solutions

Strategic Rationale

The incorporation of this wholly owned subsidiary supports TAKE Solutions Limited's growth and expansion strategy in the technology sector. The new entity will undertake software development, IT services, consultancy, and allied technology activities that align with the parent company's main business objectives.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Master Circular dated 30th January 2026.

The subsidiary's registered address is located at 1702 Parine Crescenzo Building, opposite MCA Ground, BKC, Plot C, Bandra (East), Mumbai - 400051, Maharashtra. No governmental or regulatory approvals were required for this incorporation as it represents a new wholly owned subsidiary formation rather than an acquisition of an existing entity.

TAKE Solutions Limited has successfully completed its Extra Ordinary General Meeting held on March 7, 2026, with shareholders approving all four proposed resolutions through remote e-voting and e-voting facilities during the meeting.

Meeting Overview and Compliance

The Extra Ordinary General Meeting was conducted at 12:00 noon through Video Conferencing and Other Audio-Visual Means in accordance with regulatory requirements. The company submitted voting results and scrutinizer's report to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s. Hemang Satra & Associates, Practicing Company Secretaries, served as the scrutinizer for the voting process. The cut-off date for identifying eligible voting members was February 28, 2026, with remote e-voting conducted from March 4-6, 2026.

Voting Results Summary

The meeting demonstrated strong shareholder participation with 44190476 votes polled out of 147934000 total shares, representing 29.87% voter turnout. All resolutions received overwhelming support from shareholders.

Director Appointments Approved

Shareholders approved the regularization of appointments for two Non-Executive Non-Independent Directors. Mr. Parmeshvar Dhangare (DIN: 11410125) received approval with 44190468 votes in favor and only 8 votes against, representing 100.00% support. Similarly, Mr. Vilas Munis (DIN: 11533598) was approved with 44190443 votes in favor and 33 against, achieving 99.99% approval.

Auditor Change and Office Relocation

The company received shareholder approval for appointing M/s. Venkat and Mangaa LLP, Chartered Accountants, as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. Sundar Scini & Scidhar Chartered Accountants. This resolution passed with 44190452 votes in favor.

The special resolution for shifting the registered office from Tamil Nadu to Maharashtra was approved with 44190350 votes in favor and 126 against, representing 99.99% approval from voting shareholders.

Scrutinizer's Confirmation

Hemang Satra, Proprietor of M/s Hemang Satra & Associates (Membership No. ACS 54476), confirmed that all resolutions were passed with requisite majority. The scrutinizer's report validated the voting process conducted through CDSL's remote e-voting platform, ensuring transparency and compliance with regulatory requirements.