Announcement under Regulation 30 (LODR) is attached herewith
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United Van Der Horst Ltd has subscribed to equity shares of Max Udaan Foundation, a Section 8 (non-profit) company under the Companies Act 2013. The company acquired 1,500 shares with face value of Rs 10 each, representing 30% of the total paid-up share capital. This acquisition will serve as an Implementing Agency for the company's Corporate Social Responsibility (CSR) activities as prescribed under Schedule VII of the Companies Act. The transaction qualifies as a related party transaction as the promoter/promoter group has interest in the entity, though it is stated to be on an arm's length basis.
This acquisition is a routine governance exercise to streamline CSR operations and has no direct impact on revenue, profitability, or business operations. It is a non-material disclosure with no immediate implications for shareholders or stock performance.