Board approves subscribing to 49% stake in proposed dyeing-chemicals company for Rs. 4,90,000
Board approved an investment in a proposed company, VEDANT CHEMICAL SOLUTIONS LIMITED.
By ScoutQuest · · 2 min read
- Equity Shares Subscribed
- 49,000 equity shares of Rs. 10/- each
- Stake in Paid-up Capital
- 49% of the paid-up share capital
- Investment Amount
- Rs. 4,90,000/- in cash, at Rs.10 per share
Board approval
The Board of Directors, at its meeting held on Monday, October 19, 2026, approved an investment in a proposed company named VEDANT CHEMICAL SOLUTIONS LIMITED. The meeting started at 01:00 PM and concluded at 04:00 PM.
What exactly was approved
- Subscription to 49,000 equity shares of Rs. 10/- each of the proposed company.
- This equals 49% of its paid-up share capital.
- The investment amount is Rs. 4,90,000/-.
- The consideration is cash, at Rs.10 per share.
About the proposed company
- Name: VEDANT CHEMICAL SOLUTIONS LIMITED. Country of incorporation: India. Its incorporation is in process.
- The update places it in the textile industry.
- Intended business: manufacturing, trading, buying, selling, importing, exporting and distributing printing and dyeing chemicals used in dyeing mills and textile industries.
- The proposed business is meant to serve textile processing units, dyeing houses and other industrial customers.
- No governmental or regulatory approvals are required for the acquisition, as stated in the annexure.
Reading the numbers
- Rs. 4,90,000/- is the full outlay stated for this subscription, paid in cash rather than through a share swap.
- The price is Rs.10 per share, the same as the face value of Rs. 10/- per share.
- 49% is less than half of the paid-up capital, so this is a minority position in the proposed company rather than a controlling one.
- Because the entity is a proposed company whose incorporation is in process, this is a step towards setting up a new venture.
What a shareholder can take away
- The disclosure spells out the size of the commitment: Rs. 4,90,000/- in cash for 49,000 shares carrying 49% of the proposed company.
- It also frames the line of business the new company would enter, which is chemicals for textile processing and dyeing.
- The Board approval is the decision point reported here; the investment is in a company that is yet to be incorporated, as per the update.
Also from Vahh Chemicals
Board approves Rs. 5,00,000 investment for 50% stake in proposed company
24 Oct 2026
Board meeting on October 31, 2026 to consider unaudited results for quarter ended September 30, 2026
22 Oct 2026
More numbers
- Investment amount approvedRs. 4,90,000/-
- Equity shares to be subscribed49,000 equity shares
- Face value per shareRs. 10/- each
- Stake in proposed company49%
- Price per shareRs.10 per share
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.