Board approves incorporation of wholly owned defence & aerospace subsidiary
Board of Directors met on October 17, 2026 (06:10 PM to 06:25 PM IST).
By ScoutQuest · · 1 min read
- Proposed Subsidiary Name
- Karamtara Defence & Aerospace Limited
- Line of Business
- defence, aerospace, engineering, R&D and allied activities
- Share Capital Subscription
- 100% share capital to be subscribed in cash at face value of INR 10/- per share
What was approved
The Board of Directors of the Company, at its meeting held on October 17, 2026, approved the incorporation of a Wholly Owned Subsidiary (WOS) in India. The meeting ran from 06:10 PM to 06:25 PM (IST).
- Proposed name: Karamtara Defence & Aerospace Limited, or such other name as may be approved by the relevant authorities.
- Country of incorporation: India.
- The proposed entity will be a wholly owned subsidiary of the Company and will be considered a related party.
Line of business
The proposed company will undertake defence, aerospace, manufacturing, engineering, technology development, research and development, and allied activities. These are subject to requisite regulatory approvals, licences and registrations from the competent authority.
- Industry: defence, aerospace, engineering and allied activities.
Money and shareholding
- Subscription is 100% in cash to the share capital of the proposed WOS.
- Shares will be subscribed at face value of INR 10/- per share.
- The Company, along with its nominee, will subscribe 100% of the share capital.
Approvals
On the question of governmental or regulatory approvals needed for the incorporation, the update states no such approval is required, except approval of the competent authority, if required.
What to keep in mind
This is an approval to incorporate a new subsidiary; the entity is described as a proposed company and its name is subject to approval. The defence and aerospace line of business is subject to the requisite approvals, licences and registrations. Being a wholly owned subsidiary, it will also be a related party of the Company.
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Board approves incorporation of wholly owned defence and aerospace subsidiary
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More numbers
- Face value per share for subscriptionINR 10/- per share
- Share capital to be subscribed by the Company and its nominee100% Share Capital
- Subscription to share capital in cash100%
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