Eldeco Housing And Industries Limited has informed the Exchange regarding 'Intimation of incorporation of wholly owned subsidiary Company'.
ELDEHSG · price
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Eldeco Housing and Industries Limited has incorporated a new wholly owned subsidiary named 'Golfshire Realtors Private Limited' on July 17, 2025. The subsidiary has an authorized and paid-up share capital of Rs. 1,00,000, with Eldeco subscribing to 10,000 equity shares at face value of Rs. 10 each. The new entity will operate in the real estate sector, which aligns with Eldeco's core line of business. The subsidiary has not yet commenced operations, and no governmental or regulatory approvals were required for this incorporation.
This is a routine corporate restructuring move to set up a dedicated real estate vehicle. Since the subsidiary is 100% owned and small in capital size, the immediate financial impact on shareholders is negligible, though it could be used for future project-specific activities.