The Board members in its Board Meeting held on Monday, November 10, 2025 have interalia considere and approved the investment in Private Limited Company
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Rajkamal Synthetics Ltd's board, at its meeting on November 10, 2025, approved taking a 51% stake in Indoframe Industries Private Limited, a company that is yet to be incorporated and will be based in Jaipur, Rajasthan. The investment will make Indoframe a subsidiary of Rajkamal Synthetics, with the company focusing on manufacturing, processing, and fabrication of iron and steel structures and related metal products. Both the proposed authorized capital and paid-up capital are Rs 1 lakh each, with the investment being a cash contribution at face value (Rs 10 per share). The deal is not a related party transaction, no governmental approvals are required, and completion is expected within 60 days from the date of incorporation.
In the immediate term, the financial impact is very small (capital base of just Rs 1 lakh), but it marks Rajkamal Synthetics' entry into the steel/metal fabrication business, which is outside its existing line. Shareholders should watch for future capital infusion disclosures and updates on the strategic direction of this new subsidiary.