Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), We would like to inform that the Board of Directors ....
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Rainbow Foundations Ltd's Board of Directors, at a meeting held on February 2, 2026, approved the incorporation of a wholly owned subsidiary named 'Rainbow Foundations and Real Estates Private Limited.' The new entity will be based in Chennai, Tamil Nadu, and will operate in the real estate sector. The company will subscribe to 9,999 equity shares of Rs. 10 each (totaling Rs. 99,990) in cash, representing 100% shareholding. Incorporation is currently under process, and no governmental or regulatory approvals are required.
This is a routine corporate restructuring step that expands the company's presence in real estate through a dedicated subsidiary. For shareholders, this has minimal immediate financial impact since the investment size is very small, but it signals management's intent to grow in the real estate segment.