Dhruv Consultancy Clarifies Subsidiary Incorporation Status

Dhruv Consultancy Services Ltd has issued a clarification regarding the incorporation of its subsidiary. The subsidiary was formed for the execution of a project involving the development, operation, and maintenance of wayside amenities, based on a Letter of Award (LOA). The company stated that it has not yet made any investment in the subsidiary's share capital and is committed to subscribing as per the MOA. Therefore, this event is not considered material. The company also apologized for a delayed submission of the disclosure due to a holiday and assured timely submissions in the future, confirming that all required details were already provided in a previous disclosure.