Subsidiary5 Nov 2026, 05:42 pm
Deepak Fertilisers Incorporates Wholly Owned Subsidiary 'Prayas Institute'
AI Summary
Deepak Fertilisers & Petrochemicals Corporation Ltd (DFPCL) has incorporated a wholly owned subsidiary, 'Prayas Institute for Future Readiness', under Section 8 of the Companies Act, 2013. This subsidiary is limited by guarantee and aims to undertake charitable, not-for-profit activities in education, vocational training, skill development, research, and employability enhancement. As a Section 8 company, it does not have share capital, and DFPCL's commitment is limited to ₹10,00,000 in the event of winding up. The subsidiary is considered a related party to DFPCL, with no other promoter/promoter group interest.
Key Highlights
- DFPCL establishes a new wholly owned subsidiary, 'Prayas Institute for Future Readiness'.
- The subsidiary is a Section 8 company focused on education and skill development.
- It is limited by guarantee, with DFPCL's liability capped at ₹10 Lakhs.
- The entity is a related party to DFPCL.
- No share capital is involved as it's a not-for-profit entity.
Price Impact
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