DMR Engineering receives 6,00,000 bonus equity shares in DM Consulting

DMR Engineering Ltd has been allotted 6,00,000 equity shares, representing 60% of DM Consulting Engineers Private Limited, through a bonus issue. This allotment maintains DMR Engineering's existing 60% shareholding in DM Consulting. The bonus shares were issued in a ratio of 10 new shares for every 13 existing shares. DM Consulting Engineers Private Limited is involved in engineering, procurement, and consulting services, including geophysical studies for various infrastructure projects. This strategic investment is considered a related party transaction, as key management personnel are promoters of DM Consulting, but it is conducted on an arm's length basis. The company expects this move to open new avenues for growth.