Vinati Organics Subscribes ₹17 Crore in Rights Issue of Subsidiary Veeral Organics Pvt. Ltd.
Vinati Organics Limited has subscribed to additional equity shares of its wholly owned subsidiary, Veeral Organics Private Limited (VOPL), through a rights issue. The investment totals ₹17,11,00,000 and involves the subscription of 1,71,10,000 fully paid up equity shares.The transaction represents a cash consideration in exchange for the new shares, which have a face value of ₹10 per share at par. The company confirmed that the issued shares will rank pari-passu to the existing equity shares of VOPL. This investment maintains that Veeral Organics Pvt. Ltd. remains a 100% wholly owned subsidiary of Vinati Organics Limited, with no change in the percentage of shareholding resulting from the subscription.
Veeral Organics Private Limited is involved in the Chemical Industry and focuses on the manufacturing of Organics Fine Specialty Chemicals, which aligns with the main business of Vinati Organics Limited. The company was incorporated under the Indian Companies Act, 2013, on October 5, 2020.
The turnover of Veeral Organics Private Limited over the past three financial years has been as follows:
| Financial Year | Turnover (₹ in Crores) |
|---|---|
| FY 2025-26 | 21.94 |
| FY 2024-25 | 10.55 |
| FY 2023-24 | 0.09 |
The transaction is described as being at arms length, confirming that VOPL, despite being a wholly owned subsidiary, meets the necessary criteria for the nature of the investment.
VINATIORGA Stock Price Movement
Shares of Vinati Organics Limited are edging higher to ₹1316.5 as of 3:24 PM today, gaining 0.14% or ₹1.80 in live trading. The stock saw a volume of 21,839 shares traded during the 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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