Rajasthan Securities to form Wholly Owned Subsidiary

Rajasthan Securities Ltd announced that its Board of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) in India. The WOS will engage in general trading, trading in securities, and allied business activities, aligning with the company's main business. The proposed authorized and paid-up share capital for the WOS is ₹1,00,00,000/-. The initial capital contribution will be in cash. The incorporation is subject to approvals from the Ministry of Corporate Affairs (MCA) and other relevant authorities. The company stated that the WOS will be a related party upon incorporation, but no promoter or promoter group has an interest in it, as the company currently has no promoter or promoter group.