Subsidiary25 May 2026, 05:52 pm
Ludlow Jute to Incorporate Wholly Owned Subsidiary
AI Summary
Ludlow Jute & Specialities Ltd has announced the incorporation of a wholly-owned subsidiary, SEVA BY TARA FOUNDATION, as a Section 8 Company. The board approved the proposal on May 25, 2026. The subsidiary's objects include veterinary activities, educational support services, and other social work activities. The incorporation is subject to regulatory approvals.
Key Highlights
- Ludlow Jute to incorporate SEVA BY TARA FOUNDATION as a wholly-owned subsidiary.
- The subsidiary will operate as a Section 8 Company.
- The subsidiary's activities include veterinary and educational support services.
- The incorporation is subject to approval from the Ministry of Corporate Affairs.
- Ludlow Jute will invest in 100,000 shares of ₹10 each, totaling ₹1,000,000.
Price Impact
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