Cargotrans Maritime Ltd. Announces Formation of Wholly Owned Subsidiary
Cargotrans Maritime Limited announced on March 31, 2026, the approval to incorporate a wholly owned subsidiary named CML INVESTMENTS PRIVATE LIMITED. The decision was made at a board meeting held on March 31, 2026, which commenced at 11:00 AM and concluded at 11:30 AM.The new subsidiary will be incorporated in India with a paid-up capital of INR 100,000 consisting of 10,000 equity shares. CML INVESTMENTS PRIVATE LIMITED will be engaged primarily in the real estate, securities, and investment trading industry. The company's business portfolio is expected to broaden and provide stability against risks associated with the shipping industry.
The subsidiary will be considered a related party of Cargotrans Maritime Limited.
Here's a summary of key details regarding the subsidiary:
| Particulars | Details |
|---|---|
| Name of the target entity | CML INVESTMENTS PRIVATE LIMITED |
| Paid-up Capital | INR 100,000 (10,000 Equity Shares) |
| Industry | Real Estate, Securities & Investment Trading |
| Related Party Transaction | Yes, subsidiary is a related party to the extent of promoter shareholding. |
| Consideration | Cash consideration via subscription of equity shares. Cargotrans Maritime Limited will subscribe to 10,000 shares. |
| Cost of Acquisition | 10,000 equity shares of INR 10 each |
| Shareholding | 100.00% |
Governmental or regulatory approvals are not required for the acquisition.
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