Chemkart India Limited has invested ₹1.30 crore in its wholly owned subsidiary, Easy Raw Materials Private Limited, through a rights issue. The transaction involves the allotment of 13,00,000 equity shares at face value.

The investment aligns with the utilization of proceeds specified in the company’s Initial Public Offer prospectus dated July 10, 2025. The funds are designated for commissioning the manufacturing unit of the subsidiary.

Transaction Details

Chemkart acquired the shares at an issue price of ₹10 per equity share, matching the face value. This brings the total consideration to ₹1.30 crore. The company held 100% of the subsidiary’s shares both before and after this allotment.

Subsidiary Financial Position

Easy Raw Materials Private Limited operates in the trading of pharma products and nutritional supplements. Incorporated in 2020, the entity reported nil turnover for the last three years. As on March 31, 2026, the subsidiary recorded a loss after tax of ₹59.47 lakh against a net worth of ₹578.60 lakh.

The paid-up share capital of the subsidiary stands at ₹9.81 crore, divided into 98,10,000 equity shares of ₹10 each. The authorized share capital is ₹10 crore.

Regulatory Compliance

The transaction falls under related-party transactions as per SEBI regulations. Chemkart disclosed the investment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated the transaction was conducted at arm’s length. No governmental or regulatory approvals were required for this acquisition.

Chemkart has appointed Mohammad Asim Siddiqui as Chief Financial Officer, effective September 11, 2026. The appointment follows the resignation of Basavaraj Shankar Dalawai from the same role on September 10, 2026.

The Board of Directors approved the changes during a meeting held on September 10, 2026, in Mumbai. Mr. Dalawai resigned consequent upon internal restructuring and transition within the company. He confirmed there were no other material reasons for his departure.

Leadership Transition

Mr. Siddiqui brings over 16 years of experience in finance, MIS, compliance, internal controls, risk management, and audits. He holds qualifications in LL.B., MBA, and M.Com. The Audit Committee and Nomination and Remuneration Committee recommended his appointment to the Board.

Mr. Siddiqui will also serve as a Whole-Time Key Managerial Personnel under the Companies Act 2013 and SEBI (LODR) Regulations, 2015. He currently holds no shareholding in the company and is not related to any of its directors.

Regulatory Compliance

The company disclosed these changes pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Mr. Dalawai ceased to be Key Managerial Personnel with effect from the close of business hours on September 10, 2026.

Mr. Siddiqui is not disqualified from holding the office of CFO under applicable regulations and has provided his consent for the appointment. The Board authorized him as a Key Managerial Personnel for determining materiality of events or information for stock exchange disclosures.