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W S Industries Ltd to form subsidiaries for new businesses
Posted On : 2023-07-13 20:53:59( TIMEZONE : IST )
The Board of Directors of W S Industries India Ltd has approved the Sale / Transfer of Immovable Property (along with superstructures, if any) of the Company or part(s) thereof admeasuring an extent of 6.53 acres of land to its wholly owned subsidiary M/s.W S Insulators Private Limited for the development of IT/IT enabled services/parks.
The board approved alteration of the Objects Clause of the Memorandum of Association of the Company.
The board approved incorporation of one or more subsidiary(ies) (including wholly owned subsidiaries) of the Company and investments by the Company to deal with the land at No.34, Santhavellore Village, Sunguvarchatram, Sriperumbudur Taluk, Kancheepuram District of Tamil Nadu.
The board also approved incorporation of one or more subsidiary(ies) (including wholly owned subsidiaries) of the Company and investments by the Company to harness the opportunities in Defense Segment.
