Sansera Engineering Limited has successfully incorporated its new joint venture company, Nichidai Sansera Private Limited, effective February 25, 2026. This entity has been established as a wholly owned subsidiary of Sansera. The incorporation follows the previously announced Joint Venture Agreement with Nichidai Corporation. Subsequent fund infusion by both partners will lead to the allotment of shares in a 60:40 ratio.
Formation of Joint Venture Subsidiary Confirmed
Sansera Engineering Limited has confirmed the successful incorporation of the previously announced joint venture company. The new entity is named Nichidai Sansera Private Limited (CIN: U30913KA2026PTC216825) and was registered with the Registrar of Companies, Karnataka, on February 25, 2026.
Subsidiary Status and Ownership Structure
The company wishes to clarify that the new entity has been incorporated as a wholly owned subsidiary of Sansera Engineering Limited at the time of registration. This development is a direct result of the Joint Venture Agreement executed with Nichidai Corporation, which was first intimated on January 29, 2026.
Future Capital Infusion and Share Allotment
The planned infusion of funds by both Nichidai Corporation and Sansera Engineering into Nichidai Sansera Private Limited will be undertaken in due course. Upon completion of this capital injection, the equity shares of the subsidiary will be allotted to the respective partners based on a predetermined ratio of 60:40, reflecting the agreed-upon ownership structure.
Compliance and Records Update
This disclosure is made pursuant to the requirements for corporate announcements. The information will be made available on the company’s official website. The filing was authorized and signed by Rajesh Kumar Modi, Company Secretary & Compliance Officer, on behalf of Sansera Engineering Limited.
Source: BSE
