Dhruv Consultancy Services Incorporates Subsidiary to Execute Wayside Amenities Project
Dhruv Consultancy Services Ltd has made an update regarding the incorporation of a subsidiary company. The move is specifically linked to undertaking a project concerning the development, operation, and maintenance of Wayside Amenities, as defined by a recent Letter of Award (LOA).The Company stated that the newly incorporated entity is intended solely for the execution of this specific project. Although the incorporation has occurred, Dhruv Consultancy Services Ltd has not yet made any investment into the share capital of the subsidiary company. However, the parent company has committed, in line with the subscription clause outlined in the Memorandum of Association (MOA), to subscribe to shares of the subsidiary company later on.
Given these circumstances, the Company views this incorporation event as non-material at present time. The management confirmed that all relevant details concerning this matter were previously captured within an earlier disclosure submitted by the Company.
DHRUV Stock Price Movement
Dhruv Consultancy Services Limited shares edged higher today, settling at ₹29.40 after climbing 2.97%. The equity recorded a trading volume of 97,732 shares during the current market session.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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