Chemkart Invests ₹1.3 Cr in Wholly-Owned Subsidiary

Chemkart India Ltd has invested ₹1.30 Crores in its wholly-owned subsidiary, Easy Raw Materials Private Limited, through a rights issue. This investment involves the allotment of 13,00,000 equity shares at face value. The funds are intended for commissioning the subsidiary's manufacturing unit, aligning with the company's IPO objectives. Easy Raw Materials Private Limited is involved in trading pharma products and nutritional supplements. As of March 31, 2026, the subsidiary reported NIL turnover, a loss after tax of ₹59.47 Lakhs, and a net worth of ₹578.60 Lakhs. The transaction is considered a related party transaction but is conducted at arm's length.