The Company has been alloted 49,49,999 fully paid up Equity Shares of face value of Rs. 10/- each on Right Issue basis at par on March 23, 2026.
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Shree Hari Chemicals Export Ltd has invested Rs. 4.95 crore in its wholly-owned subsidiary Shakambhari Dyechem Private Limited (SDPL) by subscribing to a rights issue. The company was allotted 49,49,999 equity shares of Rs. 10 each at par, increasing its holding in SDPL from 50,50,000 shares to 99,99,999 shares. SDPL remains a wholly-owned subsidiary and is in the chemical business, manufacturing dyes and dye-intermediates. The funds will be used by SDPL for capital expenditure toward a proposed expansion. SDPL was incorporated on April 24, 2024, and no turnover details were disclosed.
This is a routine capital infusion into an existing wholly-owned subsidiary to fund its expansion plans. Since SDPL was already wholly-owned and there is no change in control, the impact on shareholders is minimal and primarily signals the parent company's commitment to growing its chemical/dye intermediates business.