Earlier in December 2021, the company’s board has approved an investment upto an amount not exceeding Rs9.50 crore in the company’s wholly-owned subsidiary M/s SR Continental Limited, by way of subscription of equity shares.
SR Continental Limited is a wholly-owned subsidiary of the company with an annual turnover of Rs39.66 lakh. Prior to this acquisition, the company’s share capital was Rs18,50,000. The company deals in Tiles, sanitaryware, faucets, and other allied products.
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