Virat Industries has received approval to incorporate a wholly owned subsidiary in United Arab Emirates (UAE) with proposed name ‘Brham Holding FZ-LLC’. The Board has approved an Overseas Direct Investment of up to AED 18,363,000 (around $5 million), in one or more tranches, in compliance with the provisions of the Companies Act, 2013, Foreign Exchange Management Act, 1999, Reserve Bank of India Regulations, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 and other applicable statutory requirements.
The proposed company will provide the assistance to the group companies to develop business of the company in middle East region. The Board of Directors of the company at its meeting held on December 11, 2025 inter alia, considered and approved the same.
Virat Industries (VIL) is a 100% Export Oriented Unit (EOU) manufacturing excellent quality socks for export, mainly to the European markets. The company plays the role of a contract manufacturer who supplies socks against specific orders.
