Pursuant to Regulation 30 of the SEBI LODR Regulations, 2015 (SEBI Listing Regulations), Amrapali Industries has informed that the Board of Directors at its meeting held on Monday, February 07, 2022 at 5:00 PM, has approved the incorporation of a wholly owned subsidiary of the company namely Amrapali Industries Global IFSC Limited (WOS) by subscribing 1,50,000 shares of Rs 10 each in the paid-up share capital of the Proposed Company. The wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space by functioning as Bullion Trading Member, Bullion Trading Clearing member, capital market intermediary and Portfolio management consultant as International Financial Service Centre Unit. The details required under regulation 30 of SEBI (LODR) Reg 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9/9/2015 are enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.
