S H Kelkar and Company Limited has informed the Exchange about the approval of an additional equity investment of an amount not exceeding AED 5 Million by Keva Fragrances Private Limited, wholly-owned subsidiary of the Company in Keva Middle East FZE, wholly-owned subsidiary of Keva Fragrances Private Limited and in turn that of the Company.
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S H Kelkar and Company's board has approved an additional equity investment of up to AED 5 Million (around ₹11–12 crore) into Keva Middle East FZE, routed through its wholly-owned subsidiary Keva Fragrances Private Limited. Keva Middle East FZE is a wholly-owned step-down subsidiary based in the UAE. The move is aimed at strengthening the overseas fragrance business and supporting growth in the Middle East market. Since both entities are wholly-owned within the group, there is no change in the company's consolidated ownership structure.
This is a modest capital infusion into an existing wholly-owned overseas subsidiary, so it does not materially affect shareholders or the stock price. It signals continued focus on expanding the Middle East fragrance business, but the amount is small relative to the company's size.