A B Cotspin India Limited announced that company has incorporated wholly owned subsidiary KKML Welfare Foundation, a Section-8 Company under Companies Act, 2013 on April 2, 2024 which will be used as Implementing Agency as prescribed by Ministry of Corporate Affairs for its Corporate Social responsibility (CSR) activities. Authorized Share Capital: INR 100,000; Paid-up Share Capital: INR 100,000; Size/Turnover: Newly incorporated entity. Industry to which the entity being acquired belongs: Non-Profit Organization.

Industry to which the entity being acquired belongs: Non-Profit Organization. Nature of consideration - whether cash consideration or share swap and details of the same: 100% Subscription to the Share Capital is in Cash (Bank Transfer). The company has subscribed to 9,999 equity shares at the face value of INR 10 each aggregating to INR 99,990 in cash, Balance 1 shares at the face value of INR 10 is held by Mr. Deepak Garg, as nominee of the company.

Line of Business: To do CSR activities in the area of Education. Date of Incorporation- 02 April 2024; Turnover- Yet to commence activities. Country: India.