Key Events and Timeline
- The Board of Directors approved the incorporation of a wholly-owned subsidiary in India during their meeting held on July 14, 2026, at 4:00 PM at the company's registered office in Nagpur.
- The meeting commenced at 4:00 PM and concluded at 5:35 PM.
- RSL Securities Private Limited was successfully incorporated on August 6, 2026, as a wholly-owned subsidiary.
- The Certificate of Incorporation was issued by the Ministry of Corporate Affairs, Government of India, on August 6, 2026.
Subsidiary Details
- Name: RSL Securities Private Limited (name approved by Ministry of Corporate Affairs)
- Business Activities: General trading, trading in securities, and allied business activities aligned with Rajasthan Securities Limited's main business
- Capital Structure: Authorized and paid-up share capital of ₹1,00,00,000 (Rupees One Crore)
- Ownership: 100% owned by Rajasthan Securities Limited (except for nominee shareholding as required by law)
- Initial Capital Contribution: Cash subscription to equity share capital up to ₹1,00,00,000
Related Party Considerations
- The subsidiary constitutes a related party transaction upon incorporation
- The transaction is conducted at arm's length
- The company confirmed it has no promoter, promoter group, or group companies as of July 14, 2026
- No promoter/promoter group/group companies have any interest in the subsidiary
Strategic Purpose
The subsidiary was incorporated to support the company's long-term growth strategy and will operate within the main line of business of Rajasthan Securities Limited.
Financial Impact
The company will subscribe to equity share capital up to ₹1 crore in cash. No additional financial impact quantification provided in the disclosure.