MedPlus Health Services Limited announced that its Board of Directors, meeting on March 16, 2026, approved the incorporation of a Private Limited Company. This new entity will function as a Wholly Owned Subsidiary (WOS) under Section 8 of the Companies Act, 2013. Its exclusive purpose will be undertaking Corporate Social Responsibility (CSR) activities, ensuring compliance and dedicated focus on these social initiatives.
Board Approval for Subsidiary Formation
MedPlus Health Services Limited confirmed that its Board of Directors convened on March 16, 2026, and successfully passed a resolution to establish a new subsidiary. The meeting commenced at 11:00 A.M and concluded at 4:50 P.M.
CSR Focused Wholly Owned Subsidiary (WOS)
The newly formed company will be incorporated as a Private Limited entity and will operate exclusively as a Wholly Owned Subsidiary (WOS) of MedPlus Health Services Limited. Crucially, this entity is being established under Section 8 of the Companies Act, 2013, meaning it will operate as a Not-for-profit company specifically dedicated to undertaking CSR activities.
Key Details of the Proposed Entity
- Country of Incorporation: India.
- Holding Structure: MedPlus Health Services Limited will be the Holding Company, with the new entity established as the WOS.
- Shareholding: The listed entity will hold 100% of the shareholding, including through nominees.
- Cost of Subscription: Shares will be subscribed to At the face value.
- Name: The final name is subject to approval by the Registrar of Companies in Hyderabad.
The company stated that it will provide further disclosures to the stock exchanges upon the actual incorporation of the WOS, as mandated by regulatory requirements.
Source: BSE
