Khaitan (India) Ltd Incorporates Two Wholly Owned Subsidiaries

Khaitan (India) Ltd has announced the incorporation of two wholly owned subsidiaries. This disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The subsidiaries are named Khaitan Strategy Limited and Khaitan Fans and Appliances Limited.

Both subsidiaries have an authorized share capital of INR 15,00,000. The filing specifies that the capital investment for these entities will be decided by the board of Khaitan (India) Ltd. The subsidiaries are newly incorporated and will be 100% owned by Khaitan (India) Ltd.

The filing does not provide specific details regarding the size or turnover of the subsidiaries, nor does it specify the industry to which these entities belong. Additionally, there is no mention of any related party transactions or interests from the promoter group in these subsidiaries.

Khaitan (India) Ltd did not disclose any governmental or regulatory approvals required for the incorporation of these subsidiaries. The filing also does not include information on the consideration for the incorporation, such as cash or share swap details.

No historical financial data or specific business lines for the subsidiaries were provided in the filing. The document focuses solely on the structural and ownership aspects of the newly formed entities.

Khaitan (India) Ltd is engaged in various business activities, including manufacturing and trading. The company focuses on expanding its business operations through strategic incorporations and investments. The incorporation of these subsidiaries aligns with its broader business objectives.