DMR Engineering Forms Subsidiary DMR Balaji JV

DMR Engineering Ltd has announced the incorporation of a new subsidiary, "DMR BALAJI JV PRIVATE LIMITED", under the Companies Act, 2013. DMR Engineering holds a 51% stake in this newly formed entity. The subsidiary is established to carry on the business of construction, execution, and development of civil engineering and infrastructure works, including barrages and tunnels. This strategic investment allows DMR Engineering to venture into new avenues for growth, although the subsidiary's business is not directly complementary to the parent company's current services. The initial investment for the 51% shareholding amounts to ₹51,000.