Subsidiary29 Jun 2026, 04:40 pm
L.K.Mehta Polymers Incorporates Green Energy Subsidiary
AI Summary
L.K. Mehta Polymers Limited announced the incorporation of a wholly-owned subsidiary, L.K. Mehta Green Private Limited, approved by its Board of Directors on June 29, 2026. This new entity will focus on green and renewable energy products and solutions, including solar, wind, and bio-energy, as well as energy-efficient products, plastic recycling, and sustainable technologies. 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 L.K. Mehta Polymers' business operations and capitalize on opportunities in the growing green energy sector.
Key Highlights
- New wholly-owned subsidiary 'L.K. Mehta Green Private Limited' incorporated.
- Subsidiary to focus on green energy, recycling, and sustainable technologies.
- Initial investment of ₹1,00,000 in equity share capital.
- Strategic diversification into the renewable energy sector.
- Aims to explore new business opportunities in sustainability.
Price Impact
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