Date: July 08, 2026

Disinvestment / Strategic Actions

Le Merite Exports Limited has incorporated a new associate company named 'Le Merite Torna Technical Textile Park Private Limited'. The Ministry of Corporate Affairs, Government of India issued the Certificate of Incorporation on July 08, 2026.

Details of the New Entity:

  • Name: Le Merite Torna Technical Textile Park Private Limited
  • Date of Incorporation: July 08, 2026
  • Authorized Share Capital: ₹1,00,000 consisting of 10,000 Equity Shares of ₹10 each
  • Paid-up Share Capital: ₹1,00,000 consisting of 10,000 Equity Shares of ₹10 each
  • Country of Incorporation: India (Registered with Registrar of Companies, Mumbai)
  • Current Status: Yet to commence commercial operations (No turnover)

Investment Details:

  • Le Merite Exports holds 3,500 equity shares, representing 35% of the share capital
  • Consideration: Paid in cash at face value of ₹10 per share
  • Total Investment: ₹35,000 (3,500 shares × ₹10)
  • Nature of Transaction: Not a related party transaction

Business Objectives:

The new company is incorporated to carry on the business of planning, developing, establishing, constructing, commissioning, operating, managing, maintaining, leasing, licensing and providing infrastructure and common facilities for an integrated technical textile park. This includes:

  • Acquisition of land
  • Site preparation, grading and leveling
  • Construction of roads, streets, drains, water supply systems, electricity supply works
  • Construction, operation and management of administrative buildings, research and development (R&D) facilities, testing laboratories, design centres, incubation centres, canteens, workers' amenities, warehouses, logistics facilities, utility corridors
  • All activities incidental and ancillary to the development of a technical textile park

Regulatory Approvals:

  • No governmental or regulatory approvals required for this incorporation
  • No indicative time period specified for completion

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Other Operational / Legal / Strategic Disclosures

The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.