SRF has incorporated a wholly-owned subsidiary namely 'SRF Altech'. SRF Altech is incorporated to, interalia, engage in the business of manufacture of Aluminum foil.
As per the certificate of incorporation dated March 16, 2022 issued by the Registrar of Companies, Ministry of Corporate Affairs, the date of incorporation of wholly owned subsidiary is March 15, 2022. The company will initially subscribe to 50,00,000 equity shares at the face value of Rs 10 each aggregating to Rs 5 crore in cash.
SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.
