Vibhor Steel Tubes Limited has informed the Exchange about Incorporation
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Vibhor Steel Tubes Limited's board, at a meeting on 12th August 2025, approved the incorporation of a wholly-owned subsidiary (WOS) in Hisar, Haryana. The proposed company will operate in the Hotels and Resorts sector under names like Vishank Hotels Private Limited or Vishank Hospitality Private Limited, subject to MCA approval. The initial investment is small at Rs. 5 lakh (50,000 equity shares of Rs. 10 each), marking the steel tubes company's entry into the hospitality business. The WOS is classified as a related party due to common directorship, and future transactions will be conducted at arm's length.
This is a small, exploratory diversification move outside Vibhor's core steel tubes business. The modest capital outlay limits financial risk, but shareholders should watch for further capital infusions or expansion plans, as well as clarity on how the hospitality venture fits the company's long-term strategy.