Pursuant to Regulation 30 of SEBI (LODR) Regulation 2015, we hereby inform you that the Board in their meeting held today i.e. 25th May 2026 have approved the proposal of incorporation ....
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The Board of Ludlow Jute & Specialities Ltd has approved the incorporation of a new Wholly Owned Subsidiary named 'SEVA BY TARA FOUNDATION' as a Section 8 Company. The new entity will focus on veterinary activities, educational support services, and social work activities. The company will subscribe to 99,980 equity shares at Rs. 10 per share (totaling Rs. 10 lakh). Once incorporated, the WOS will become a related party of the company. The proposal is subject to approval from the Ministry of Corporate Affairs.
This is a routine corporate structure decision to set up a charitable arm for social initiatives. It does not directly impact the jute business operations but will be treated as a related party transaction requiring appropriate disclosures.