Nahar Industrial Enterprises Incorporates Wholly Owned Subsidiary

Nahar Industrial Enterprises Limited has incorporated a wholly owned subsidiary named RANCHI LOGIPARK PRIVATE LIMITED. The subsidiary, incorporated on October 14, 2026, has an authorized and paid-up share capital of ₹1,00,000. It is yet to commence operations, with a reported turnover of Nil. The subsidiary will engage in the business of warehousing and storage. This entity is considered a related party to the company, but promoters and promoter groups do not have other interests in this transaction. The cost of acquisition was ₹1,00,000, with Nahar Industrial Enterprises Limited subscribing to 10,000 equity shares of ₹10 each at par.