Valecha Engineering incorporated a new Indian subsidiary, UV Bharat Private Limited, on April 1, 2026.
The subsidiary has an authorized capital of ₹5 lakh and a paid-up capital of ₹1 lakh for infrastructure projects.
Valecha Engineering holds a 51% stake in the subsidiary, acquired for a cash consideration of ₹51,000.
This is a disclosure made under SEBI LODR regulations, confirming the transaction is not a related party transaction.