
Board Meeting24 Sept 2026, 09:55 pm
Capital Trade Links Approves Rights Issue Subscription & New Subsidiary
AI Summary
Capital Trade Links Limited's Board of Directors has approved subscribing to the Rights Issue of Rhythms Industries Private Limited and a potential investment of up to ₹10 crore in Rhythms or its subsidiary, Rain Link Agro Foods Private Limited. The investment can be in equity, debt, or other securities. Additionally, the company will incorporate a wholly-owned subsidiary, "RENTWORKS SERVICES INDIA PRIVATE LIMITED," to engage in the renting and leasing of furniture, appliances, and other tangible assets, aligning with its diversification strategy. The Board meeting took place on September 23, 2026.
Key Highlights
- Company to subscribe to Rights Issue of Rhythms Industries Private Limited.
- Approved investment up to ₹10 crore in Rhythms or its subsidiary.
- Incorporating a new wholly-owned subsidiary for equipment rental business.
- Strategic diversification into the equipment rental and leasing sector.
Price Impact
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