Revised intimation: DMR Engineering sets up 70% subsidiary in Bhutan
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DMR Engineering has incorporated DMR Services Private Limited as a 70 percent subsidiary in Thimphu, Bhutan, to offer engineering and technical consultancy services. The company subscribed to 1,75,000 shares at BTN 100 each, aggregating about BTN 1,75,00,000 (roughly INR 1.75 crore). This is a revised filing correcting an earlier error in the paid-up capital figure. The transaction is not a related party deal and the business aligns with the company's core operations. DMR Services has not yet commenced operations.
Expands Bhutan presence via subsidiary; modest cash investment, no near-term revenue impact since operations are yet to begin.