Wardwizard Innovations, KFin Technologies and UPL to see some action today

Wardwizard Innovations & Mobility (WIML) has successfully developed a customized electric three-wheeler, the e-Trike (Driver + 10), as part of its groundbreaking $1.29 billion order from Beulah International Development Corporation. This special vehicle, designed to enhance public transportation in the Philippines, has been dispatched for rigorous testing. In addition to the e-Trike, Wardwizard will send other electric vehicles from its line up to the Philippines in February 2025 for testing to ensure suitability for the local market. 

KFin Technologies has incorporated a subsidiary of the Company by name KFin Technologies (Thailand) in the Kingdom of Thailand, on November 12, 2024. The Reserve Bank of India has granted its in-principle approval to the Company for the initial capital infusion (ODI remittance) of THB 10 million in the subsidiary. The Company proposes to infuse upto an aggregate amount equal to THB 99,99,990 in cash. 

UPL’s wholly owned subsidiary -- UPL Corporation (UPL Corp) has entered into new strategic partnership with CAC Nantong Chemical Company to develop, register, and commercialize cyproflanilide products within their respective markets. Cyproflanilide is a new, proprietary insecticide specifically designed to combat pest resistance. It is effective across a wide range of chewing pests in multiple crops, including but not limited to rice, corn, cotton, soybeans, fruits, and vegetables. Cyproflanilide offers high efficacy at low use rates against a broad pest spectrum, including lepidoptera pests resistant to the most established active ingredients, through both contact and ingestion. 

Centum Electronics has received approval for raising of funds upto Rs 250 crore, through issuance of equity shares or any other equity linked instruments or securities including convertible preference shares, and / or bonds including foreign currency convertible bonds / debentures / non-convertible debt instruments along with warrants / convertible debentures / securities and / or any other equity based instruments, inter alia, a private placement or through one or more qualified institutions placement (QIP) and / or further public issue of equity and / or rights issue and / or through any other permissible mode in accordance with the relevant provisions of applicable law, subject to approval from the shareholders of the Company and the receipt of statutory / regulatory and other approvals. The Board of Directors of the company at their meeting held on November 12, 2024 has approved the same. 

EPACK Durable has received approval for the incorporation of a Wholly Owned Subsidiary with the proposed name as EPACK Manufacturing Technologies or such other name as may be approved by the Ministry of Corporate Affairs, Government of India. 

Gujarat State Fertilizers & Chemicals has received approval for investment of up to Rs 28.85 crore in Vadodara Jal Sanchay (VJSPL), subsidiary of the Company, by way of equity contribution in one or more tranches. The funds raised by VJSPL from member companies, by way of equity participation, will be used for undertaking the project for Tertiary Treatment of Waste Water. 

FSN E-Commerce Ventures’ stepdown subsidiary -- Nessa International Holdings has incorporated a new Wholly Owned Subsidiary in Jebel Ali Free Zone, Dubai, United Arab Emirates by the name ‘Nysaa Distribution FZE, a Free Zone Establishment with limited liability.