Kotyark Industries announces a wholly-owned subsidiary!

Kotyark Industries Limited on June 21, 2022, announced that its board of directors has approved the incorporation of a wholly-owned subsidiary of the company namely Kotyark Agro Pvt Ltd by way of subscription (WOS) of one lakh shares of Rs 10 each in the paid-up share capital of the proposed company.     

Kotyark Industries Limited on June 21, 2022, announced that its board of directors has approved the incorporation of a wholly-owned subsidiary of the company namely Kotyark Agro Pvt Ltd by way of subscription (WOS) of one lakh shares of Rs 10 each in the paid-up share capital of the proposed company.     

The wholly-owned subsidiary will leverage the growth opportunities in the evolving mobility space by carrying the business of agriculturists, gardeners, nurseries, dairymen, dairy farmers as well as to acquire, hold, buy or acquire freehold or leasehold agriculture land, farm, garden or any other property and to act as growers of agriculture produce of all description like fruit, vegetables, seeds, organic products & herbal products.  

It also aims to cultivate, grow, introduce lease farming, eco-farming, contract farming produce and deals in agriculture products as well as in setting up a processing unit for the preservation or storage with the installation for the plant, machinery, cold storage, air conditioning, refrigeration & other equipment for import, export, distribute, sale, purchase and trade in agriculture produce of all description like fruits, vegetable, seeds, organic products, etc. The company is also going to cultivate and harvest & develop seeds, vegetables, fruits, and herbal items along with providing end-to-end solutions for the same.  

The shares of Kotyark Industries are trading at Rs 301.90 on NSE. Besides, it has gained up to 498 per cent since its day of listing in October 2021.