Subsidiary19 Jan 2026, 03:01 pm
Ruby Mills Ltd. to Incorporate Three Wholly Owned Subsidiaries for Solar Open Access Project Investment
AI Summary
Ruby Mills Ltd. announced the outcome of its Board Meeting held on 19.01.2026, revealing the approval to incorporate three wholly owned subsidiaries in Mumbai, India. These subsidiaries will be created to invest in a Solar Open Access project, providing the Company with flexibility in managing the investment at a later stage. The incorporation is subject to necessary approvals and compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Once the subsidiaries are incorporated, appropriate disclosures will be made to the stock exchanges as required under Regulation 30 of the SEBI Listing Regulations and SEBI Circulars.
Key Highlights
- Ruby Mills Ltd. to incorporate three wholly owned subsidiaries
- Subsidiaries created for investing in a Solar Open Access project
- Flexibility in managing the investment at a later stage
- Incorporation subject to necessary approvals
- Appropriate disclosures to be made to stock exchanges post-incorporation