Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Super Iron Foundry Ltd. (Formerly Known as Super Iron ....
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Super Iron Foundry Ltd's Board, at its meeting on June 17, 2025, approved incorporating a Wholly Owned Subsidiary (WOS) named 'Grounded Building Products Ltd' in the United Kingdom. The new entity will operate in the building and construction products and materials supply space, aimed at expanding the company's business overseas. The company will hold 100% of the share capital, funded through cash consideration at face value, with incorporation expected within 1-3 weeks. Additionally, the Board appointed M/s Sohan Lal Jalan & Associates as Cost Auditors for FY 2025-26. The new subsidiary is yet to commence business operations and requires UK incorporation approvals.
This is a strategic overseas expansion move into the UK construction products market, which could open new revenue streams but carries early-stage execution risk as the subsidiary has not yet started operations. Shareholders should monitor how quickly the WOS becomes operational and starts contributing to revenue, as the financial impact will be negligible in the near term.