Le Merite Exports incorporates associate co for technical textile park
LEMERITE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Le Merite Exports has incorporated Le Merite Torna Technical Textile Park Private Limited as a 35 percent associate company. The new firm will plan, develop and operate an integrated technical textile park including infrastructure like R&D facilities, testing labs, design centres, warehouses and logistics. Its paid-up capital is Rs 1 lakh (10,000 shares at Rs 10 each). Le Merite holds 3,500 shares subscribed at face value in cash. The entity is yet to start commercial operations and is registered in India.
Small-scale strategic push into technical textile infrastructure. Tiny capital base limits immediate financial impact but signals a new business vertical for investors to track.