Intimation for Incorporation of Wholly owned subsidiary Company.
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Awaiting price reaction for this filing.
Kesar India Ltd has incorporated a wholly owned subsidiary named Kesar Gold Projects Private Limited (KGPPL) in Nagpur, Maharashtra on November 28, 2025. KGPPL has an authorized capital of Rs. 5 lakh (50,000 equity shares of Rs. 10 each) and a paid-up capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each), all held by Kesar India. The subsidiary has not yet commenced business operations and has zero turnover. As per its objects, KGPPL will engage in construction, real estate development, and related activities, supporting the parent's existing line of business.
This is a small, strategic expansion move — a freshly incorporated, dormant subsidiary with minimal capital — so it is unlikely to move the stock price meaningfully in the short term. Investors should watch for future announcements from KGPPL once it begins operations to gauge its contribution to the parent's growth.