The Ruby Mills Limited has informed the Exchange about General Updates
RUBYMILLS · price
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The Ruby Mills Limited has incorporated two wholly-owned subsidiaries on March 18, 2026: Ruby Greentech K Private Limited (focused on water and effluent treatment, including purification, recycling, waste management, and waste-to-energy) and Ruby Greentech T Private Limited (focused on power generation, transmission, distribution, and trading from conventional and renewable sources such as solar, wind, hydro, and captive power). Ruby Mills holds 100% in both entities, with each having an authorized capital of Rs. 10 lakh and an initial paid-up capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each). Both subsidiaries are newly incorporated and have not yet commenced business operations. This follows a board approval given on January 19, 2026.
This is a diversification move into the green energy and water treatment sectors, though the financial commitment is negligible at Rs. 2 lakh combined. For shareholders, it signals the company's intent to expand into ESG-aligned businesses, but meaningful impact on stock price or financials is unlikely until these subsidiaries scale up operations.