Update on incorporation of EYANTRA VENTURES FZE, a wholly owned subsidiary of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eyantra Ventures Limited has completed the subscription of 1,000 equity shares of AED 100 each (totaling AED 1,00,000) in its wholly owned subsidiary EYANTRA VENTURES FZE, based in the Ajman Free Zone, UAE. The share certificate was received on May 28, 2025. The subsidiary was incorporated on July 8, 2024, and will operate in IT Consultancy and Gift Trading. Its turnover for FY2024-25 is nil. The purpose is to tap new growth opportunities in UAE markets, and the investment was made in cash at arm's length terms, with 100% ownership held by the parent company.
This is a small capital infusion into a newly formed, fully-owned overseas subsidiary and is unlikely to have an immediate material impact on the stock. It signals the company's intent to expand into UAE markets, which could generate future revenue if the subsidiary becomes operational.