DMR Engineering Ltd Establishes Subsidiary in Bhutan for Regional Expansion
DMR Engineering Limited has formed a new entity, DMR Services Private Limited, in Thimphu, Bhutan. The move establishes a subsidiary aimed at providing engineering and technical consultancy services within the region, aligning with the company’s primary line of business.The incorporation of DMR Services Private Limited has resulted in it becoming a subsidiary of DMR Engineering Limited, which holds a 70% shareholding in the new entity.
DMR Engineering Limited subscribed to shares of DMR Services for cash consideration to formalize this relationship and expand its operational footprint into Bhutan. The company acquired 1,75,000 shares of DMR Services, each valued at BTN 100/-, totaling a consideration of BTN 1,75,00,000/-.
DMR Services is established to provide engineering and technical consultancy services in Bhutan. The subsidiary was incorporated under the Corporate Regulatory Authority of Bhutan and currently holds a paid-up capital of BTN 2,50,00,000.
Key details regarding DMR Services Private Limited are presented below:
| Detail | Information |
|---|---|
| Company Name | DMR Services Private Limited (abbreviated as "DMR Services") |
| Industry | Engineering and technical consultancy services |
| Shares Acquired by Company | 1,75,000 shares of BTN 100/- each |
| Total Consideration Paid | BTN 1,75,00,000/- |
| Shareholding Held | 70% |
| Authorized Capital | BTN 40,00,00,000 divided into 40,00,000 shares of BTN 100/- each |
| Paid-up Capital | BTN 2,50,00,000 divided into 25,00,000 shares of BTN 100/- each |
DMR Services is strategically positioned to offer technical consultancy services, supporting the company’s objective to expand its business operations in Bhutan. The subscription and incorporation were completed as the Company acquired a controlling stake through the cash investment.
Stock Price Movement
DMR Engineering Ltd shares settled at ₹32.50 on Thursday, edging higher after a 0.62% rise. The stock spent the entire trading session locked within an extremely tight intraday range, registering zero movement from its opening price of ₹32.50.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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