Rajasthan Securities Ltd Approves Formation of Wholly Owned Subsidiary
Rajasthan Securities Limited, formerly known as Rajasthan Gases Limited, has approved the formation of a Wholly Owned Subsidiary (WOS) in India. The decision was made during a Board meeting held on July 14, 2026.The purpose of the proposed subsidiary is to conduct General Trading and Trading in Securities, aligning with the core business activities of Rajasthan Securities Limited and supporting the company's long-term growth strategy. The WOS will be established to undertake allied business activities within the securities sector.
Wholly Owned Subsidiary Details
Details regarding the incorporation and nature of the proposed subsidiary are as follows:
| Particulars | Detail |
|---|---|
| Proposed Authorized Share Capital | Rs. 1,00,00,000/- (Rupees One Crore only) |
| Industry/Business Scope | General Trading and Trading in Securities |
| Relationship to Parent Company | The proposed WOS will be a related party of the company upon incorporation. |
| Shareholding Percentage | 100% |
The initial capital for the Wholly Owned Subsidiary will be contributed through cash subscription, up to Rs. 1,00,00,000/-.
While the proposed WOS will be a related party, the company stated that neither the promoter nor the promoter group has expressed interest in the entity being acquired, noting that the company currently has no promoter or promoter group.
The incorporation of the WOS is subject to the approval of the Ministry of Corporate Affairs (MCA) and other applicable statutory and regulatory authorities. The necessary updates regarding the WOS will be provided once it is officially incorporated.
Stock Price Movement
Rajasthan Securities Ltd settled on Tuesday at ₹55.49, slipping by 0.29% in after-hours trading. The shares moved through an intraday range, finding support near the low of ₹54.54 before reaching a high of ₹55.65.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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