Announced Tue, 27 Oct, 2026 · 18:33 IST
Maharaja Speedex invests Rs 19.80 crore in wholly owned subsidiary
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Maharaja and Speedex India put Rs 19.80 crore into wholly owned subsidiary Dewdrop Bottles by taking 450,000 shares at Rs 440 each. The cash infusion will buy plant and machinery to increase manufacturing capacity. Dewdrop's turnover rose from Rs 27.28 crore in FY24 to Rs 55.70 crore in FY25 and Rs 88.98 crore in FY26. The group still owns 100 percent of Dewdrop.
Likely market impact
The funding may improve capacity and future sales at Dewdrop, but the group already owns it fully and there is no immediate ownership gain for shareholders.