Nature of the Event

The Company incorporated a new subsidiary company named Rudra Bio Energy Private Limited on June 20, 2026. The Certificate of Incorporation was received on June 23, 2026.

Details of the Subsidiary

  • Name: Rudra Bio Energy Private Limited
  • Business: The subsidiary is incorporated to carry on the business of manufacturing, producing, processing, refining, and dealing in all sorts of bio fuels. The objects include dealing in oxygen, acetylene, ammonia, hydrogen, helium, methane, nitrogen, argon, ethanol, and carbon dioxide for use in industries, agriculture, laboratories, clinics, hospitals, refrigeration, aviation, transport vehicles, space rockets, aircrafts, communication, and power plants.
  • Current Status: The subsidiary is yet to commence its business operations. Consequently, details regarding size and turnover are noted as "Not Applicable."

Investment and Share Subscription Details

  • The Company has subscribed to 5,100 equity shares of the face value of ₹10 each in the subsidiary.
  • The total investment amounts to ₹51,000.
  • This investment represents a 51% subscription to the paid-up share capital of the subsidiary, establishing it as a wholly-owned subsidiary.

Transaction Classification and Related Party Interest

  • The incorporation and investment do not constitute a related party transaction.
  • The promoters/promoter group of Rudra Gas Enterprise Limited have no interest in the newly incorporated subsidiary entity.

Rationale and Impact

The stated object for incorporating the subsidiary is to enable the Company to expand its business horizon and achieve common goals by sharing resources and expertise to improve overall performance.

Regulatory and Governmental Approvals

  • The incorporation was completed after complying with applicable procedures and formalities with the Ministry of Corporate Affairs (MCA), Government of India.
  • No further governmental or regulatory approvals for the incorporation were mentioned as being required (Noted as "Not Applicable").

Other Details

  • The indicative time period for completion is noted as "Not Applicable."
  • Details regarding the background of the acquired entity (products, history, turnover, country presence) are noted as "Not Applicable," as this is a new incorporation, not an acquisition.