Kanishk Aluminium India Limited’s Board of Directors has approved the incorporation of a new subsidiary. The subsidiary, proposed to be named “Falcon Global Business Limited,” will focus on trading electronic and IT equipment, along with metal. Kanishk Aluminium India Limited will hold a 70% stake in the new entity, with an investment not exceeding ₹25,00,000. The Annual Report for the financial year ended March 31, 2026, was also approved.
Kanishk Aluminium India Limited Board Meeting Highlights
The Board of Directors of Kanishk Aluminium India Limited (formerly Kanishk Aluminium India Private Limited) convened a meeting on August 27, 2026, to discuss and approve several key business matters. The meeting, which commenced at 04:00 P.M. (IST), concluded at 04:45 P.M. (IST).
Key Approvals and Decisions
Among the significant decisions made during the meeting, the Board gave its approval for the incorporation of a new subsidiary. This proposed entity, tentatively named “Falcon Global Business Limited”, is set to engage in the trading of electronic and IT equipment, as well as metal.
The incorporation of this subsidiary is subject to all applicable laws and regulations. Kanishk Aluminium India Limited will be the holding company, with the proposed entity becoming a subsidiary. The primary business activities of the new company will revolve around the trading of IT equipment, including desktops and laptops, and metal trading.
The company plans to invest a sum not exceeding INR 25,00,000 (Indian Rupees Twenty-Five Lakhs) in one or more tranches into the subsidiary. The proposed shareholding/control by Kanishk Aluminium India Limited in the new entity will be 70%, with the subscription price set at INR 10 per share.
Annual Report and Other Matters
Furthermore, the Board approved the Annual Report of the Company for the financial year ended March 31, 2026. This includes the Board’s Report and the Management Discussion and Analysis Report. The company also announced the appointment of KNK & Co LLP as Scrutinizers for the upcoming Eighth (8th) Annual General Meeting (AGM).
The notice convening the 8th AGM, scheduled for Friday, September 25, 2026, was also approved. The company premises will be closed from September 21, 2026, to September 24, 2026, inclusive, for the purpose of the AGM.
The Notice of AGM and the Annual Report will be dispatched electronically to all members with registered email addresses and will also be uploaded on the websites of BSE Limited and the company.
Source: BSE
