News ArticleShaily Engineering Plastics Sets Up Wholly Owned Medical Devices Subsidiary in Abu Dhabi with AED 10 Lakh Capital
Shaily Medtech Devices Manufacturing Ltd incorporated on November 6, 2026, to manufacture pen injectors; 100% ownership retained
Shaily Engineering Plastics Limited has established Shaily Medtech Devices Manufacturing Ltd, a wholly owned subsidiary in Abu Dhabi, UAE, to manufacture medical devices including pen injectors. The new entity was incorporated on November 6, 2026, with an initial capital subscription of AED 10,00,000 by the parent company. Business operations are yet to commence.
Shaily Engineering Plastics Limited
New Ventures
Shaily Engineering Plastics Limited has incorporated a 100% owned subsidiary in Abu Dhabi named Shaily Medtech Devices Manufacturing Ltd on November 6, 2026, to manufacture medical devices including pen injectors, with an initial capital infusion of AED 10,00,000.
The newly incorporated entity has yet to commence business operations and the issued share capital is yet to be issued as of the incorporation date.
No related party transaction considerations apply as this is a wholly owned subsidiary creation, and neither promoters nor promoter groups hold separate interests in the subsidiary.
The company plans to fund the capital subscription in cash through banking channels.
Shaily Medtech Devices Manufacturing Ltd operates within the medical device manufacturing industry focusing on pen injectors, expanding the product portfolio of Shaily Engineering Plastics Limited beyond its core engineering plastics business.
No governmental or regulatory approvals were required for this subsidiary incorporation, and the acquisition is considered completed as of the incorporation date.
Highlights
- Firm incorporated Shaily Medtech Devices Manufacturing Ltd in Abu Dhabi on November 6, 2026.
- Subsidiary will manufacture medical devices, specifically pen injectors.
- Initial capital subscription of AED 10,00,000 to be paid in cash by Shaily Engineering Plastics Limited.
- Company holds 100% ownership in the new subsidiary.
- No business operations started yet and share capital issuance is pending.
Key Data Snapshot
What happened
- Shaily Engineering Plastics Limited incorporated a wholly owned subsidiary, Shaily Medtech Devices Manufacturing Ltd, in Abu Dhabi on November 6, 2026.
- The subsidiary will engage in manufacturing medical devices, including pen injectors.
- Initial shareholder subscription capital of AED 10,00,000 is to be invested in cash.
- The company holds a 100% stake in the newly formed subsidiary.
Key details
- The subsidiary is yet to issue share capital and commence operations.
- This incorporation is not classified as a related party transaction for the parent company.
- No promoters or promoter group companies have separate interests in the subsidiary.
- No regulatory approvals were required for this incorporation.
- The acquisition process is considered complete as the subsidiary is already incorporated.
Background and context
- Shaily Engineering Plastics Limited is diversifying into medical devices manufacturing through the subsidiary.
- Shaily Medtech Devices Manufacturing Ltd focuses on pen injectors, a specialized medical device segment.
- Setting up the subsidiary in Abu Dhabi positions the company within the UAE market for medical devices.
Highlights
- Firm incorporated Shaily Medtech Devices Manufacturing Ltd in Abu Dhabi on November 6, 2026.
- Subsidiary will manufacture medical devices, specifically pen injectors.
- Initial capital subscription of AED 10,00,000 to be paid in cash by Shaily Engineering Plastics Limited.
- Company holds 100% ownership in the new subsidiary.
- No business operations started yet and share capital issuance is pending.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024
None of the promoter/promoter group/group companies have any interest in the subsidiary incorporation.
None
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