DMR Engineering Incorporates Subsidiary in Bhutan

DMR Engineering Ltd has announced the incorporation of its subsidiary, DMR Services Private Limited, in Thimphu, Bhutan. The company will hold a 70% stake in DMR Services, which aims to expand DMR Engineering's business into Bhutan by providing engineering and technical consultancy services. The subsidiary has an authorized capital of BTN 40,00,00,000 and a paid-up capital of BTN 2,50,00,000. DMR Engineering has subscribed to 1,75,000 shares for a cash consideration of BTN 1,75,00,000. DMR Services has not yet commenced business operations and is not considered a related party transaction. This move aligns with DMR Engineering's core business and marks an expansion into a new geographical market.