Rajasthan Securities to form Wholly Owned Subsidiary in India

Rajasthan Securities Ltd announced that its Board of Directors, in a meeting held on July 14, 2026, approved the incorporation of a Wholly Owned Subsidiary (WOS) in India. The proposed subsidiary will engage in general trading, trading in securities, and allied business activities, aligning with the company's main business. The initial capital for the WOS will be ₹1,00,00,000/-, contributed in cash. The incorporation is subject to approvals from the Ministry of Corporate Affairs and other relevant regulatory authorities. The company stated that the promoter/promoter group/group companies are not interested in the proposed WOS, and the company currently has no promoter, promoter group, or group company.