Chemkart India Limited has made an investment of ₹97,90,500 in its wholly-owned subsidiary, Easy Raw Materials Private Limited, through a rights issue. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The investment was made by way of issue and allotment of 1,83,000 equity shares of face value ₹10 each at an issue price of ₹53.50 per share.
Subsidiary Company Details
- Name: Easy Raw Materials Private Limited
- Authorized Share Capital: ₹15,00,00,000 divided into 1,50,00,000 equity shares of ₹10 each
- Paid-up Share Capital (Post-allotment): ₹9,99,30,000 divided into 99,93,000 equity shares of ₹10 each
- Financial Performance (as of 31st March 2026): Turnover stood at NIL, Loss after Tax stood at ₹59.47 lakh, and Net Worth stood at ₹578.60 lakh
- Industry: Trading of Pharma Products and Nutritional Supplements
- Country of Incorporation: India
- Incorporation Year: 2020
- Turnover for Last 3 Years: NIL
Transaction Details
- Nature of Consideration: Cash consideration
- Total Investment: ₹97,90,500
- Shares Acquired: 1,83,000 equity shares of ₹10 each at ₹53.50 per share
- Pre-allotment Shareholding: 100.00%
- Post-allotment Shareholding: 100.00%
- Related Party Transaction: Yes, as it is a wholly-owned subsidiary
- Arm's Length: The transaction is stated to be at arm's length
Purpose and Regulatory Aspects
- Objects: This investment is part of the utilization of proceeds as specified in the prospectus dated 10th July 2025 towards commissioning of the manufacturing unit of the subsidiary company
- Government/Regulatory Approvals: Not applicable
- Completion Period: Not applicable