Pursuant to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors ....
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The Board of Directors of Naksh Precious Metals Limited held a meeting on May 21, 2025, and approved the incorporation of a new subsidiary company in India as a private limited company. The meeting lasted 35 minutes, from 3:00 PM to 3:35 PM. The subsidiary's name, business activity, and investment amount were not disclosed in this filing. The disclosure was made under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Setting up a new subsidiary signals expansion plans but without details on capital allocation or business purpose, the near-term impact on shareholders remains unclear. Investors may watch for further disclosures on the subsidiary's objectives and funding.