Captain Technocast Limited announced that the Board of Directors of the company at their meeting held on July 6, 2023, have approved a proposal to incorporate a subsidiary "X2 Valves Private Limited" having object of Manufacturing of other pumps, compressors, taps and valves etc. Proposed Paid up Capital: INR 100,000. The proposed company would be an subsidiary and hence a related party company, post the incorporation. Incorporated Subsidiary company with subscription of INR 70,000 (7,000 equity shares of INR 10 each) to be made. The company would infuse upto INR 70,000 in
Share Capital in one or more tranches. Percentage of Shareholding /Control Acquired And /Or Number Of Shares Acquired: 70% shareholding.