Forbes & Company has received approval to incorporate a wholly owned subsidiary to inter-alia deal in current and new technologies in existing range of businesses. The Board of Directors of the Company at their meeting to be held on August 13, 2022 has approved the same. The Company would subscribe to initial capital/shares to be issued under rights issue. The Company would infuse upto Rs 5 lakh in share capital in one or more tranches.
Forbes & Company has three main businesses; namely engineering, shipping and logistics and business automation.
