The Company has informed the exchange regarding the Incorporation of Wholly Owned Subsidiary at Ras Al Khaimah Economic Zone, UAE.
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GHV Infra Projects has set up a 100% wholly owned subsidiary named 'GHV Infra FZ-LLC' in the Ras Al Khaimah Economic Zone (RAKEZ), UAE, completing the incorporation process on 12 September 2025. The new subsidiary has a share capital of AED 2,00,000 (200 shares of AED 1,000 each), funded entirely in cash. It will operate in the infrastructure sector and is not a related-party transaction. The subsidiary has not yet commenced business operations, so there is no immediate impact on the company's financials or turnover.
This signals the company's intent to expand infrastructure business operations into the UAE market, which could open new revenue streams in the medium term. For now, with no operations started and a small capital outlay, there is little near-term effect on the stock; investors should watch for future updates on business commencement and revenue contribution from the UAE subsidiary.