KDDL Limited has announced a significant corporate development involving its subsidiary company operations. The company has officially informed stock exchanges about the name change of one of its subsidiary entities, marking an important milestone in its corporate structure.

Subsidiary Name Change Details

The company communicated the change through an official intimation dated January 15, 2026, addressed to both major Indian stock exchanges. The transformation involves a complete rebranding of the subsidiary's corporate identity.

Regulatory Compliance

The announcement was made in strict adherence to regulatory requirements under SEBI listing obligations. KDDL Limited fulfilled its disclosure responsibilities by notifying both the National Stock Exchange of India Limited and BSE Limited about this corporate change.

The communication was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This regulation mandates listed companies to inform stock exchanges about material events and corporate developments that could impact stakeholder interests.

Corporate Communication

The official intimation was signed by Brahm Prakash Kumar, Company Secretary of KDDL Limited, and bears the reference number KDDL/CS/2025-26/65. The document was digitally signed on January 15, 2026, ensuring authenticity and compliance with modern corporate governance practices.

KDDL Limited, headquartered in Chandigarh, operates from Kamla Centre and maintains its primary business operations across various sectors. The subsidiary name change from Kamla Tesio Dials Limited to Kamla Business Services Limited suggests a strategic shift toward broader business services operations, moving away from the previous focus indicated by the "Dials" terminology.

KDDL Limited has significantly increased its shareholding in subsidiary Artisan Watch Products Private Limited to 80% through a strategic investment of ₹2.40 crores. The acquisition was completed through subscription to the subsidiary's rights issue, marking a key expansion in the company's watch manufacturing operations.

Transaction Details

The investment involved subscription to 24,00,000 equity shares at a par value of ₹10 each, totaling ₹2.40 crores in cash consideration. Following this acquisition, KDDL now holds 40,00,000 equity shares, representing 80% ownership in Artisan Watch Products Private Limited.

Subsidiary Profile

Artisan Watch Products Private Limited was incorporated on March 19, 2025, and operates in the watch products industry. The subsidiary has an authorized share capital of ₹5.00 crores, divided into 50,00,000 equity shares of ₹10 each. The company has recently commenced commercial operations and currently reports a turnover of ₹3.61 lakh.

Strategic Implications

The acquisition strengthens KDDL's presence in the watch manufacturing segment through its subsidiary operations. The transaction was conducted on an arm's length basis, with promoter Yashovardhan Saboo holding a 20% stake in the subsidiary company. This investment demonstrates KDDL's commitment to expanding its business operations in the consumer durables sector.

Regulatory Compliance

The transaction was disclosed under Regulation 30 of SEBI Listing Regulations, with no additional governmental or regulatory approvals required for completion. The cash-based acquisition represents a strategic move to consolidate control in the subsidiary's operations as it begins its commercial journey in the watch products market.