Disclosure under Regulation 30 for Acquisition of Equity Shares of Wholly Owned Subsidiary Company under Rights Issue.
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Chemkart India Ltd has invested an additional Rs. 2 Crores in its wholly owned subsidiary, Easy Raw Materials Private Limited, by subscribing to 20 lakh equity shares of Rs. 10 each at face value through a rights issue. The subsidiary, incorporated in 2020, is engaged in manufacturing of nutraceuticals and health supplements. Chemkart continues to hold 100% stake in the subsidiary both before and after this allotment. This investment is part of utilizing the IPO proceeds raised in July 2025 to commission the subsidiary's manufacturing unit. The subsidiary had zero turnover in the last 3 years, a loss after tax of Rs. 12.68 lakhs, and negative net worth of Rs. 11.93 lakhs as of March 31, 2025.
This is a routine capital infusion into a wholly owned subsidiary using IPO proceeds and does not change Chemkart's ownership structure. However, investors should note that the subsidiary is a loss-making entity with negative net worth, so the success of the manufacturing unit commissioning will be a key monitorable for future growth.