Piccadily Agro Industries establishes new food subsidiary

Piccadily Agro Industries Ltd. (PAIL) has incorporated a new wholly owned subsidiary named "Piccadily Food & Essentials Limited." The Certificate of Incorporation was issued on December 15, 2025.

Piccadily Food & Essentials Limited is a related party of PAIL and has an authorized share capital of ₹1,00,000, divided into 10,000 equity shares of ₹10 each. The initial capital subscription was made in cash, with a paid-up capital of ₹1,00,000. The new entity has not yet commenced its business operations.

PAIL will maintain 100% shareholding in Piccadily Food & Essentials Limited. This strategic move aligns with the company's objective to expand its presence in the food and essentials sector.