Chemkart invests Rs 97.90 lakh in wholly owned subsidiary
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Chemkart India invested Rs 97.90 lakh in its wholly owned subsidiary Easy Raw Materials Private Limited through a rights issue, subscribing 183,000 shares at Rs 53.50 each. Its holding stays at 100%. The money will help commission the subsidiary's manufacturing unit using funds raised through the initial public offering. At 31 March 2026, it had no turnover, a loss after tax of Rs 59.47 lakh and net worth of Rs 578.60 lakh.
Funding supports the subsidiary's plant, with no ownership change. It has no sales and remains loss-making, so the earnings benefit is uncertain.