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DMR Engineering Limited has incorporated a new joint venture company called 'DMR Balaji JV Private Limited' on September 28, 2026, by subscribing to 5,100 equity shares at Rs. 10 each (total Rs. 51,000 cash), giving it a 51% majority stake and making it a subsidiary. The newly formed JV has an authorized capital of Rs. 15 lakh and paid-up capital of Rs. 1 lakh. The JV will focus on civil engineering and infrastructure works, including construction of barrages, tunnels, excavation, earthwork, and EPC projects for government and private clients. The company stated that this business is not complementary to its existing services but represents a strategic move to explore new growth avenues. No related party transactions are involved, and no government approvals are required.
For shareholders, this signals management's intent to diversify into large-scale civil infrastructure (barrages and tunnels), potentially opening new revenue streams. However, the JV is small in scale at inception (Rs. 1 lakh paid-up capital), so near-term financial impact will be limited.