Chemkart India Invests ₹97.9 Lakhs in Subsidiary

Chemkart India Ltd has invested ₹97,90,500 (₹97.9 Lakhs) by acquiring 1,83,000 equity shares in its wholly-owned subsidiary, Easy Raw Materials Private Limited. This investment, made through a rights issue at ₹53.50 per share, is part of the utilization of IPO proceeds to commission the subsidiary's manufacturing unit. Easy Raw Materials Private Limited is involved in trading pharma products and nutritional supplements. The subsidiary's financial status as of March 31, 2026, showed NIL turnover, a loss of ₹59.47 Lakhs, and a net worth of ₹578.60 Lakhs. The transaction is considered a related party transaction and has been conducted at arm's length.