Further to our letter dated 14.02.2025, and pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we would like to inform that Tarmat Limited (the Company) has incorporated a wholly ....
TARMAT · price
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Tarmat Limited has incorporated a wholly owned subsidiary named 'TARMAT (PMB) ENGINEERING WORKS PRIVATE LIMITED' on April 7, 2025, as confirmed by the Certificate of Incorporation from the Ministry of Corporate Affairs. The new subsidiary will operate in the infrastructure sector, focusing on manufacturing, processing, and dealing in bitumen products and allied derivatives such as emulsions and PMB. The subsidiary has an authorized share capital of Rs. 10 lakh divided into 1 lakh equity shares of Rs. 10 each. Tarmat will hold 99,999 shares while the Managing Director, Mr. Dilip Varghese, will hold 1 share, with the investment made entirely in cash at face value.
This move aligns with Tarmat's existing infrastructure business (highways, airports) and could strengthen its vertical integration in bitumen products. For shareholders, the impact is currently neutral as the subsidiary is newly incorporated and yet to commence operations.