<h1>Electronics EMS/ODM launches wholly owned subsidiary with Rs3 crore equity and Rs100 crore preferential convertible warrants</h1> An electronics manufacturing services and original design manufacturing company incorporated a wholly owned subsidiary in Gujarat, committing Rs 3 crore to its share capital and raising Rs 100 crore via preferential convertible warrants. The greenfield facility is projected to create 250-300 direct jobs initially, scaling to over 1,000 and generating about 2,500 indirect jobs across supply chain and logistics. The subsidiary will provide end-to-end mechatronic solutions for sectors including electric vehicles, renewable power, defence and drones, pursue initial projects with existing clients, and is expected to contribute to group revenues within three years while leveraging state loan interest subsidies and central PLI schemes.