Karamtara Engineering to Incorporate Wholly Owned Subsidiary

Karamtara Engineering Ltd announced the incorporation of a wholly owned subsidiary (WOS) in India, named Karamtara Defence & Aerospace Limited, or another name approved by authorities. The WOS will focus on defence, aerospace, engineering, manufacturing, technology development, research, and allied activities. The incorporation involves a 100% subscription to the share capital in cash at face value of INR 10 per share. The board meeting where this was approved commenced at 06:10 PM IST and concluded at 06:25 PM IST on October 17, 2026.