THE COMPANY HAS SUBMITTED APPLICATION FOR SUBSCRIPTION TO THE SHARES OF STRATMONT COAL AND COMMODITY PRIVATE LIMITED (SUBSIDIARY COMPANY) ON RIGHT ISSUE BASIS.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Stratmont Industries has applied to subscribe to 19,90,000 equity shares of its subsidiary, Stratmont Coal and Commodity Private Limited (SCC), through a rights issue. Each share has a face value of Rs. 10, which works out to an investment of around Rs. 1.99 crore at face value (excluding any premium). The decision was made after the company received the Letter of Offer from SCC. The disclosure has been made under SEBI Listing Regulations and signed by Managing Director Sudhanshu Kumar Mishra on 15th December 2025.
This is an internal capital move where the parent company is pumping additional funds into its subsidiary. Shareholders should watch for any update on the issue price (premium) and how this capital will be used by SCC, as it could affect the subsidiary's growth plans and, in turn, the parent's consolidated financials.