Announcement under Regulation 30 of SEBI (LODR) - Incorporation of Subsidiary
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Naksh Precious Metals Limited has received approval from the Ministry of Corporate Affairs for the incorporation of its subsidiary, NAS Global Industries Private Limited, on June 9, 2025. The subsidiary is registered in Maharashtra with an authorized capital of Rs. 15 lakh and will operate in food processing, manufacturing, trading, and import/export activities. Naksh Precious Metals has subscribed to 25,500 equity shares at Rs. 10 each (totalling Rs. 2.55 lakh), giving it a 51% stake in the new entity. The subsidiary has been formed to expand business operations, drive growth, increase revenue, and enhance market share.
This is a small initial investment (Rs. 2.55 lakh) to set up a new subsidiary focused on food processing and trading, which is outside the company's existing precious metals business. Shareholders should watch for further updates on the subsidiary's capital infusion and business progress, as material developments could affect future valuations.