Rajasthan Securities to Incorporate 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 proposed WOS will focus on general trading and trading in securities, aligning with the company's main business activities and supporting long-term growth. The initial capital for the WOS will be Rs. 1,00,00,000/- (Rupees One Crore only) through cash subscription. The incorporation is subject to approvals from the Ministry of Corporate Affairs and other relevant authorities. The company clarified that while the WOS will be a related party upon incorporation, no promoters or group companies have an interest, as the company currently has no promoters, promoter group, or group companies.