Earkart Ltd to Incorporate Wholly-Owned Subsidiary

Earkart Ltd announced its Board of Directors has approved the incorporation of a wholly-owned subsidiary named "SkillNest Educations Private Limited" or a similar approved name. This new entity will operate in the education sector, focusing on managing and expanding educational institutions and providing related operational support services. The incorporation aims to diversify Earkart's business operations and explore new opportunities in the education-related services sector, which is distinct from the company's current business activities. The initial paid-up share capital for the subsidiary will be INR 1,00,000, with Earkart subscribing to the majority of the shares.