Uma Exports Limited has informed the Exchange about General Updates
UMAEXPORTS · price
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Uma Exports' Board has approved entering into an LLP agreement to form 'Multicon Residences LLP' along with another partner. The company will hold a 50% stake and contribute ₹50,000 as initial capital, with Managing Director Rakhesh Khemka named as the Designated Partner. The new LLP will operate in real estate, construction, and renting activities, marking a diversification beyond the company's existing export business. The LLP is yet to be incorporated and the process is expected to take about one month. Upon incorporation, the LLP will become a related party of the company.
This is a very small initial investment (₹50,000) into a new real estate venture unrelated to Uma Exports' core export business, so immediate financial impact is negligible but signals a diversification move into construction and real estate in Kolkata.