Lead Reclaim forms wholly owned subsidiary in UAE for rubber and tyre trading

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹102.50

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+4.3% vs market

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Lead Reclaim and Rubber Products has incorporated a wholly owned subsidiary called REGENOVA GLOBAL FZ-LLC in UAE on October 14, 2026. The new entity will engage in rubber trading and tyres and rims trading, same as the parent's business. The company holds 100% stake through cash consideration of 1000 AED per share. The subsidiary is newly established and has not started operations yet.

Likely market impact

Sets up offshore unit to expand rubber and tyre trading internationally. Minimal near-term impact as subsidiary is new with no operations.