Archit Organosys Ltd to form NOVEL AND NANO XTREME SOLUTIONS LLP for new business

The Board of Directors of Archit Organosys Limited at their meeting held on Wednesday, 29th November, 2023 have considered and approved the incorporation of a new LLP as a Subsidiary of the Company in the name and style of NOVEL AND NANO XTREME SOLUTIONS LLP or such other name as may be approved by the office of Central Registration Centre of Ministry of Corporate Affairs.

The proposed new LLP (Subsidiary) will be engaged primarily in the business of manufacturing and sale of various materials using NANO Technology and Graphene.

The newly incorporated LLP will be a subsidiary of the Company in which Company's contribution will be Rs. 5.01 lakh and total contribution of LLP will be Rs. 10 lakh. After incorporation it will be a related party of the Company. Balance contribution of Rs. 4.99 Lakhs will be by the Promoters / promoters group of the Company.

Shares of ARCHIT ORGANOSYS LTD. was last trading in BSE at Rs. 50.17 as compared to the previous close of Rs. 51.12. The total number of shares traded during the day was 35388 in over 233 trades.

The stock hit an intraday high of Rs. 52.50 and intraday low of 49.90. The net turnover during the day was Rs. 1795284.00.

Source : Equity Bulls

Keywords

ARCHITORGANOSYS INE078I01011 Subsidiary NewBusinessForay NANOTechnology Graphene