We are pleased to inform that a Subsidiary Company in the name of Global Explosives Limited has been incorporated on May 10, 2025
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Nibe Ordnance and Maritime Limited (formerly Anshuni Commercials Limited, BSE Code: 512091) has incorporated a new subsidiary named Global Explosives Limited on May 10, 2025. The parent will hold a 76% stake by subscribing to 76,000 equity shares of Rs. 10 each, for a total cash investment of Rs. 7.6 lakh. The new subsidiary will carry on the business of trading, supplying and exporting TNT (Trinitrotoluene) plants, plant systems, manufacturing units, machinery, components and related equipment in India and permitted international markets. The transaction is not a related party transaction and does not require any government or regulatory approvals. The subsidiary is newly incorporated, so it has no prior turnover or operating history.
While the initial outlay is small (Rs. 7.6 lakh), the move signals a strategic entry into the defence explosives and ordnance equipment space, aligning with the company's recent name change from Anshuni Commercials to Nibe Ordnance and Maritime. For shareholders, this is a directional positive as it lays the groundwork for a new business vertical, though near-term impact on earnings or stock price is likely limited given the tiny scale of the investment.