Maharaja & Speedex Invests ₹19.8 Cr in Subsidiary

Maharaja & Speedex India Ltd has invested ₹19.80 crore (₹1980 Lakhs) in its wholly owned subsidiary, Dewdrop Bottles Private Limited, by subscribing to 4,50,000 equity shares through a Rights Issue. This investment is in line with the company's IPO objectives and will be utilized by the subsidiary for capital expenditure, including the purchase of plant and machinery for its existing manufacturing facility. The funds aim to support the subsidiary's planned expansion and strengthen its manufacturing capabilities. Dewdrop Bottles Private Limited, engaged in manufacturing household and kitchen products, reported a turnover of ₹8,897.82 Lakhs for the financial year ended March 31, 2026. The transaction is considered a related party transaction but has been conducted on an arm's length basis.