Macfos Limited informed that the company has formed its Wholly Owned Subsidiary in the name of "MACFOS ELECTRONICS PRIVATE LIMITED" in Maharashtra INDIA. The nature of the business is "Manufacturing". This new entity formation would widen the solution offerings of the Company, and further strengthen the Company's organic growth strategy.

MACFOS ELECTRONICS PRIVATE LIMITED is incorporated as a wholly owned subsidiary of the Company (100%) with an initial subscription of 10,000 equity shares of INR 10 each.