Pursuant to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors ....
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The Board of Directors of Naksh Precious Metals Limited met on May 21, 2025, and approved the incorporation of a new subsidiary company in India as a private limited company. No further details such as the subsidiary's name, business activity, or capital allocation have been disclosed in this filing. The board meeting was brief, lasting from 3:00 PM to 3:35 PM. The company, formerly known as Vaksons Automobiles Limited, is listed on BSE under scrip code 539402. The announcement was signed by Mrs. Sneha Vispute, Chairman & Managing Director.
This is a routine corporate announcement indicating potential business expansion, but without details on the subsidiary's purpose, sector, or investment size, the near-term impact on shareholders or stock price is likely neutral. Investors may want to watch for follow-up disclosures about the new subsidiary's business plans and capital deployment.