Board Meeting Details
The Board of Directors meeting was held on 2nd November 2026 at 6:00 PM at the company's registered office in Nagpur. The meeting commenced at 6:00 PM and concluded at 7:30 PM.
Subsidiary Details
- Name: To be approved by Ministry of Corporate Affairs (MCA), Government of India
- Proposed authorized and paid-up share capital: ₹1,00,00,000/- (Rupees One Crore only)
- Business activities: General trading, Trading in securities and allied business activity
- Alignment with parent business: The WOS business is not outside the main line of business of Rajasthan Securities Limited
- Capital contribution: Cash subscription to equity share capital up to ₹1,00,00,000/-
- Shareholding: 100% ownership by Rajasthan Securities Limited (except nominee shareholding as required under law)
Regulatory Framework
The disclosure is made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.
Related Party Status
The proposed WOS will be a related party of the Company upon incorporation. However, the company has confirmed that as of today, it has no promoter, promoter group, and group company.
Regulatory Approvals Required
Incorporation is subject to approval from:
- Ministry of Corporate Affairs (MCA)
- Other relevant statutory/regulatory authorities as may be applicable
Timeline
The incorporation will be completed subject to receipt of approvals from statutory/regulatory authorities. The company will provide necessary updates once the WOS is incorporated.
Purpose and Impact
The subsidiary is being incorporated to support the Company's long-term growth strategy and undertake general trading, trading in securities, and allied business activities.