Tarmat Limited has informed the Exchange about General Updates
TARMAT · price
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Tarmat Limited has incorporated a new wholly owned subsidiary named TARMAT (PMB) ENGINEERING WORKS PRIVATE LIMITED, with the Certificate of Incorporation issued by the Ministry of Corporate Affairs on April 7, 2025. The new subsidiary has an authorised share capital of ₹10 lakh (1 lakh equity shares of ₹10 each), with Tarmat Limited holding 99,999 shares and Managing Director Mr. Dilip Varghese holding 1 share. The subsidiary will engage in manufacturing, trading, import, export, and processing of bitumen and allied products such as emulsions and PMB (Polymer Modified Bitumen). The investment is a 100% cash subscription at face value, and the transaction is classified as a related party transaction.
This is a small internal restructuring move to set up a dedicated vertical for bitumen and PMB products, which aligns with the company's existing infrastructure business. The financial impact is minimal given the ₹10 lakh capital base, but it signals the company's intent to expand or formalise its bitumen business segment.