Equippp Social Impact Technologies Limited announced that the Ministry of Corporate Affairs has approved incorporation of wholly owned subsidiary of the Company in the name of "EQUIPPP DESI Investments Private Limited" on February 20, 2024. The Ministry of Corporate Affairs has issued a Certificate of Incorporation for the same. EQUIPPP DESI Investments Private Ltd. is a fund management company specializing in financing the capital requirements for social and infrastructure projects of Local Bodies and State Governments.

Authorized Capital: INR 40,000,000 divided into 4,000,000 equity shares of 10 each. Industry to which the entity being acquired belongs; (i) Fund Management Activities, (ii) Management of other investment funds, (iii) Other Financial Service activities.