Nature of Update
Board of Directors approved the incorporation of a wholly-owned subsidiary company named Viyom Steel Infra Private Limited.
Target Entity
Viyom Steel Infra Private Limited (proposed name)
Type of Deal
Incorporation of a 100% wholly-owned subsidiary
Stake/Capacity
100% shareholding and control. The parent company will subscribe to the entire initial paid-up share capital.
Deal Value
The Company shall subscribe to the entire initial paid-up share capital of ₹10,00,000 (issued at par value).
Funding Source
Cash consideration. The investment will be made through internal resources.
Financial Impact
Not disclosed beyond the initial capital subscription of ₹10 lakh.
Timeline
The incorporation is yet to be completed and is subject to approval from the Ministry of Corporate Affairs.
Strategic Rationale
The subsidiary will carry on the business of 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.
Approval Status
Board-approved on 4th June 2026. Pending incorporation approval from the Ministry of Corporate Affairs.
Reference Regulation
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 30 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.