Chemkart India Invests Rs 1 Crore via Rights Issue in Wholly Owned Subsidiary Easy Raw Materials
Chemkart India Ltd has undertaken a strategic investment through a Rights Issue into its wholly owned subsidiary, Easy Raw Materials Private Limited. The transaction involves the issuance and allotment of equity shares by the parent company to the subsidiary.The Company committed an investment of Rs 1.00 Crores in Easy Raw Materials Private Limited. This was achieved through the issue and allotment of 10,00,000 Equity Shares. Each share has a face value of Rs 10/-, and it was issued at the face value of Rs 10/- per share.
This investment aligns with the utilization plan set forth in Chemkart's IPO prospectus dated July 10, 2025, intended for commissioning the manufacturing unit of Easy Raw Materials Private Limited.
The transaction involves a subsidiary specializing in the trading of Pharma Products and Nutritional Supplements. The purchase was made as cash consideration, ensuring full ownership continuity between the entities involved.
Key details regarding the target entity, Easy Raw Materials Private Limited, are summarized below:
| Metric | Detail |
|---|---|
| Industry | Trading of Pharma Products and Nutritional Supplements |
| Incorporating Year | 2020 |
| Total Investment Value | Rs 1.00 Crores |
| Shares Acquired | 10,00,000 Equity Shares |
| Share Issue Price | Rs 10/- per share |
| Pre-Allotment Holding | 100.00% |
| Post-Allotment Holding | 100.00% |
Financial standing of Easy Raw Materials Private Limited, as reported as of March 31, 2026, showed a Net Worth of 578.60 Lakhs and Loss after Tax of 59.47 Lakhs, with Turnover recorded as NIL for the last three years.
The acquisition was carried out as part of related party transactions but is certified to be at arm's length. The investment falls under the overall strategy outlined in the Prospectus dated July 10, 2025.
Stock Price Movement
Chemkart India Ltd settled at ₹199.90 on Thursday, ticking up 0.96% after the close of trading. The shares traded within a range, finding their low at ₹188.10 but topping out near the closing price at ₹199.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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