Eiko Lifesciences Subsidiary to Form JV with Oval Projects

Eiko Lifesciences Ltd announced that its wholly-owned subsidiary, Eiko Scientific Solutions LLP, proposes to enter into a Joint Venture Agreement with Oval Projects Engineering Limited. The JV will form a new private limited company named Oval Eiko Resources Private Limited, with both entities holding a 50% stake. The initial proposed capital is ₹2,50,000, with Eiko Scientific Solutions LLP subscribing to 25,000 equity shares of ₹10 each. The new company will focus on Renewable Energy, specifically Compressed Bio Gas Production and Distribution.