Summary of Key Information:
Reporting Period (Quarter/Year): Not applicable (Corporate action)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations 2015
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board of Directors approved the incorporation of a Wholly-Owned Subsidiary Company under the provisions of the Companies Act 2013.
Subsidiary Details:
- Name: Viyom Steel Infra Private Limited
- Location: Hisar, Haryana, India
- Industry: Steel Products
- Business Focus: Specialized manufacturer of high-quality steel products exclusively serving the infrastructure sector including transmission towers, monopoles, crash barriers, octagonal poles, High Mast Poles, and Pre-Fab Structures
- Initial Capital: ₹10,00,000 (issued at par value)
- Shareholding: 100% by Vibhor Steel Tubes Limited
- Consideration: Cash subscription
- Regulatory Approval Required: Ministry of Corporate Affairs approval
Other Significant Information:
The subsidiary is yet to be incorporated. The company will subscribe to the entire initial paid-up share capital of ₹10,00,000.