Chemkart India has made a further investment of Rs 1.48 crore by way of issue and allotment of 14,85,000 Equity Shares of face value of Rs 10 each at an issue price of Rs 10 each being face value in Easy Raw Materials, a Subsidiary of the Company, through a Rights Issue.
This Investment is a part of utilization of the proceeds for working capital requirements of Subsidiary Company. The Pre-Allotment and the Post-Allotment Shareholding of the company in the Subsidiary Company remains the same which is 99%.
The company is mainly engaged in the business of processing and trading of nutritional and health supplements. The company is registered under FSSAI (Food Safety and Standards Authority of India).
