Elecon Engineering Company Limited has informed the stock exchanges that Grupo Radicon SA de CV, its step-down subsidiary in Mexico, has received the Certificate of Incorporation from the Public Registry of Commerce. The company had initially communicated the incorporation of this entity on March 26, 2026, at which time the formal certificate from Mexican authorities was still pending. The certificate receipt was conveyed to Elecon Engineering Company Limited on June 11, 2026, marking the completion of the registration process.
Grupo Radicon SA de CV is a wholly owned subsidiary of Elecon Singapore Pte. Ltd. which is itself a wholly owned subsidiary of Elecon Engineering Company Limited. The incorporation establishes a two-tier subsidiary structure with Elecon Engineering Company Limited at the parent level, Elecon Singapore Pte. Ltd. as the intermediate holding entity, and Grupo Radicon SA de CV as the step-down subsidiary based in Mexico.
Elecon Engineering Company Limited made the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as amended. The company confirmed that there is no change in any other information or disclosures previously provided to the exchanges regarding this subsidiary incorporation. The earlier communication dated March 26, 2026, contains the full details of the incorporation and the associated regulatory disclosures.
The incorporation of Grupo Radicon SA de CV establishes Elecon Engineering Company Limited's step-down subsidiary presence in Mexico. The entity has been registered under the corporate laws of Mexico through the Public Registry of Commerce.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.