Company UpdateGeneral
SJS invests ₹5 crore in SDEPL via rights issue; aggregate ₹5.05 crore under approved cap
Rights issue investment in SDEPL
- Investment in SDEPL via rights issue to fund growth and working capital.
- ₹5 crore infusion through subscription to 50,00,000 equity shares of ₹10 each.
- Aggregate investment in SDEPL now ₹5.05 crore.
- Within the ₹10 crore Board-approved cap; no new approval required.
- SDEPL remains wholly owned by the Company (100% shareholding).
- SDEPL is a related party; promoter group has no additional interest.
- Incorporated on 31 Aug 2026; authorized and paid-up capital ₹5.05 crore.
- Allotment of 50,00,000 equity shares completed on 30 Sep 2026.
- Purpose: develop, grow and expand subsidiary's business and working capital.
- No regulatory approvals required for this investment.