Subsidiary29 Jun 2026, 04:50 pm
L.K. Mehta Polymers to form WOS for Green Energy Business
AI Summary
L.K. Mehta Polymers Limited announced its Board of Directors has approved the incorporation of a wholly-owned subsidiary, 'L.K. Mehta Green Private Limited', in India. This new entity will focus on manufacturing, processing, trading, and developing green and renewable energy products and solutions, including solar, wind, and bio-energy, as well as energy-efficient products and plastic recycling. The company will invest ₹1,00,000 by subscribing to 10,000 equity shares of ₹10 each in the subsidiary. This strategic move aims to diversify the company's business operations and capitalize on opportunities in the growing green energy and sustainability sector.
Key Highlights
- L.K. Mehta Polymers to establish a wholly-owned subsidiary for green energy.
- New subsidiary named 'L.K. Mehta Green Private Limited' to focus on renewables.
- Initial investment of ₹1,00,000 in the subsidiary's equity share capital.
- Strategic diversification into renewable energy and sustainable technologies.
- Expansion into recycling of plastics and energy-efficient products.
Price Impact
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