Subsidiary21 Aug 2026, 12:13 pm
Niraj Cement Structurals Incorporates CSR Subsidiary
AI Summary
Niraj Cement Structurals Limited has incorporated a new Section 8 company, "Niraj Group Foundation," limited by guarantee. This foundation is established to undertake and implement social welfare and Corporate Social Responsibility (CSR) initiatives in line with Section 135 of the Companies Act, 2013. The incorporation does not involve any cash consideration or share swap, as the foundation has no share capital. Niraj Cement Structurals Limited will maintain control over the management and affairs of the foundation.
Key Highlights
- Company established a Section 8 company for CSR activities.
- New entity named "Niraj Group Foundation".
- Foundation will focus on social welfare initiatives.
- No share capital or cash consideration involved.
- Company retains control over the foundation's management.
Price Impact
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