Outcome of the Board Meeting held on Friday, January 02, 2026, has inter-alia considered and approved the following: 1. Investment in Subsidiary - Indoframe Industries Private Limited.
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The board of Rajkamal Synthetics has approved subscribing to equity shares of Indoframe Industries Private Limited, a Jaipur-based company in the iron and steel structures manufacturing business. Rajkamal will acquire 15,35,100 equity shares at Rs. 10 per share in cash, taking its stake to 51% of the post-issue paid-up capital (30,10,000 shares). The transaction will be completed within the current financial year and is funded through internal accruals raised via an increase in the company's paid-up capital. This expands Rajkamal's business operations beyond its existing line into steel fabrication.
This is a diversification move into iron and steel structures, giving Rajkamal a controlling 51% stake in a new subsidiary. For shareholders, it signals business expansion using internal funds, though the small size of the investment means limited immediate impact on stock price.