Maharaja & Speedex Invests ₹19.8 Cr in Subsidiary

Maharaja & Speedex India Ltd has invested ₹19.80 crore in its wholly owned subsidiary, Dewdrop Bottles Private Limited, by subscribing to 4,50,000 equity shares through a rights issue. This investment aligns with the company's IPO objectives and will be utilized by the subsidiary for capital expenditure, specifically for purchasing plant and machinery to enhance its manufacturing capabilities and support planned expansion. 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.