Announced Fri, 17 Jul · 15:35 IST
Chemcrux Foundation - Section 8 wholly owned subsidiary incorporated for CSR
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹89.20
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.8-0.8-1.3-1.7+0.8—————
Up moveDown movePending
AI summary
Chemcrux Enterprises has incorporated a wholly owned subsidiary named Chemcrux Foundation as a Section 8 (non-profit) company to fulfil its CSR obligations. The entity is incorporated in India with authorised and paid-up capital of Rs. 1 lakh, split into 10,000 equity shares at Rs. 10 each. The company holds 100 percent stake, paid in cash. The subsidiary will operate in areas like education, health, environment and social welfare. It is yet to start operations.
Likely market impact
Helps the company meet CSR obligations through a dedicated non-profit vehicle. No material financial impact yet as operations have not begun.