Belrise Industries on Tuesday, December 16, informed stock exchanges about the incorporation of a step-down wholly owned subsidiary through one of its existing wholly owned subsidiaries.
According to the regulatory filing, the newly incorporated entity is Belrise SDM, with its registered office located at 1 Place de la Gare, 59000 Lille, France. The share capital of Belrise SDM was subscribed on December 15, 2025, in accordance with applicable laws and regulations of the country of incorporation.
Belrise SDM has an initial share capital of 100,000 euros, divided into 10,000 shares of 10 euros each. As the company has been newly incorporated, turnover details are not applicable at this stage.
The filing stated that Belrise SDM will undertake activities related to engineering, mechanical, optical, electrical, and electronic technologies, as well as software and other technologies required for the defence, space, aerospace, and allied industries. The company clarified that the business of the step-down subsidiary is aligned with Belrise Industries’ main line of operations.
The step-down subsidiary will be treated as a related party of the company from the date of incorporation. However, Belrise Industries confirmed that, apart from this relationship, the promoter, promoter group, or group companies do not have any additional interest in the entity.
Belrise Industries also stated that no governmental or regulatory approvals were required for the incorporation, and that the entire 100% shareholding in Belrise SDM is held by Belrise Defence & Aerospace Private Limited, a wholly owned subsidiary of Belrise Industries.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been uploaded on the company’s website under the investor relations section.
