Subsidiary14 May 2026, 04:41 pm
Chemcrux to Incorporate Wholly-Owned Non-Profit Subsidiary
AI Summary
Chemcrux Enterprises Ltd's board approved the incorporation of a wholly-owned, non-profit subsidiary under Section 8 of the Companies Act, 2013. The subsidiary's name is pending approval from the Ministry of Corporate Affairs. The board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of 10% (Re. 1/- per share) for FY 2025-26, subject to shareholder approval.
Key Highlights
- Chemcrux board approved incorporating a wholly-owned, non-profit subsidiary.
- The subsidiary will operate under Section 8 of the Companies Act, 2013.
- Board approved audited financial results for the quarter and year ended March 31, 2026.
- A final dividend of 10% (Re. 1/- per share) was recommended for FY 2025-26.
- The proposed subsidiary will fulfill CSR obligations for the company.
Price Impact
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