PI Industries Limited has announced the incorporation of its wholly-owned subsidiary, PI Foundation, on October 19, 2026. This new entity, established under Section 8 of the Companies Act, 2013, will focus on Corporate Social Responsibility (CSR) activities. PI Foundation has its registered office in Udaipur, Rajasthan, and represents a strategic step by PI Industries to consolidate its CSR initiatives under a dedicated structure.
New Wholly Owned Subsidiary Established
PI Industries Limited has officially completed the incorporation of a new entity named PI Foundation. This significant development, announced on October 19, 2026, confirms that PI Foundation will operate as a wholly-owned subsidiary of PI Industries. The incorporation marks a key step in the company’s strategic initiatives, particularly concerning its Corporate Social Responsibility (CSR) commitments.
Operational Details of PI Foundation
PI Foundation has been incorporated under Section 8 of the Companies Act, 2013, which allows for the establishment of non-profit organizations. Its primary purpose is to carry out CSR activities in accordance with Section 135 of the Act. The subsidiary’s registered office is located in Udaipur, Rajasthan. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs, Government of India, on the same date.
Financial and Structural Information
The initial share capital subscription for PI Foundation amounts to Rs. 1,00,000/-, paid in cash. PI Industries Limited, along with its subsidiaries, will hold 100% shareholding in PI Foundation, reinforcing its status as a wholly-owned entity. The company had previously informed the stock exchanges about the Board of Directors’ approval for this incorporation on August 11, 2026.
Source: BSE
