Sanco Industries fixes June 5 record date for share issuance
Source: scanx.trade
PB Fintech Limited has infused ₹5 crore into its wholly-owned subsidiary, PB Marketing and Consulting Private Limited, to support its operational requirements. The investment was executed through the subscription of 50,00,000 equity shares, each with a face value of ₹10. This strategic move is aimed at enabling the subsidiary to meet the minimum net worth criteria necessary for registration and operation as a depository participant with NSDL or CDSL.
PB Marketing and Consulting Private Limited was incorporated on November 19, 2008. While initially established for marketing and consulting activities, the company altered its main objects on September 11, 2025, to engage in the business of broking in shares, commodities, currencies, and their derivatives. It recently acquired a trading membership in the debt segment from the National Stock Exchange of India Limited, with its stock broker registration valid effective May 07, 2026.
The financial details of the subsidiary indicate that it has not carried on any business operations during the financial year 2025-26. Consequently, its turnover for the fiscal years 2025-26 and 2024-25 was nil, whereas it recorded a turnover of ₹19.90 lakh in 2023-24. The registered office of PB Marketing is located at Plot No. 119, Sector-44, Gurgaon-122001 (Haryana).
The transaction was conducted on an arm's length basis. As PB Marketing is a wholly owned subsidiary of PB Fintech, it falls under the category of a related party transaction. However, since PB Fintech is a professionally managed company with no identifiable promoters, there is no involvement of promoter or promoter group interest in the entity. No specific governmental or regulatory approvals were required for this investment, though the subsidiary will obtain necessary permissions as needed in the future.
Investment Details
Particulars Details Name of Target Entity PB Marketing and Consulting Private Limited Investment Amount ₹5,00,00,000 (Rupees Five Crore Only) Consideration Type Cash Consideration Shares Acquired 50,00,000 equity shares of ₹10 each Date of Disclosure May 20, 2026
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Source: scanx.trade
Source: The Economic Times