Chemcrux Enterprises Incorporates Wholly Owned Subsidiary Chemcrux Foundation

Chemcrux Enterprises Ltd has announced the incorporation of its wholly owned subsidiary, Chemcrux Foundation, a Section 8 Company. The foundation was incorporated on July 17, 2026, with an authorized and paid-up share capital of ₹1,00,000. Its primary objective is to fulfill the company's Corporate Social Responsibility (CSR) obligations. The entity is yet to commence business operations. The acquisition falls under related party transactions due to common directors and promoters, and it is conducted at arm's length. The total cost of acquisition is ₹1,00,000, representing 100% shareholding.