We wish to inform you that the company has incorporated a wholly owned subsidiary, namely, Rahatgarh Berkhedi Corridor Private Limited (RBCPL).
MADHAVIPL · price
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Madhav Infra Projects has set up a new wholly owned subsidiary named Rahatgarh Berkhedi Corridor Private Limited (RBCPL), with 100% shareholding held by the company. RBCPL has been created as a Special Purpose Vehicle (SPV) to execute a highway project awarded by the National Highways Authority of India (NHAI), which the company had earlier disclosed on April 9, 2025. The new entity has an authorized and paid-up capital of ₹1 lakh (10,000 equity shares of ₹10 each), funded through cash. Since there is no prior turnover history, RBCPL is a freshly incorporated vehicle rather than an acquired business.
This subsidiary formation is a routine operational step to ring-fence a specific NHAI highway project, and should be seen as execution progress on an already-won contract rather than new business. Short-term impact on the stock is likely minimal, though successful execution of the corridor project under the SPV could support future revenue.