Ludlow Jute to incorporate Seva By Tara Foundation as wholly owned subsidiary

Ludlow Jute & Specialities Limited’s Board has approved a proposal to incorporate a wholly owned subsidiary named Seva By Tara Foundation. The decision was taken during a meeting held on May 25, 2026. The new entity will be structured as a Section 8 Company, focusing on social welfare activities including veterinary services and educational support.

The proposed subsidiary, Seva By Tara Foundation, will have an authorised and paid-up capital of ₹10,00,000. Ludlow Jute & Specialities Limited will subscribe to 99,980 equity shares through cash consideration. The total shareholding will result in 100% ownership, classifying the foundation as a related party transaction once incorporated.

Details of the Wholly Owned Subsidiary

The incorporation is subject to approval from the Ministry of Corporate Affairs. The company outlined the operational focus and capital structure of the new entity in a regulatory filing.

Particulars	Details
Name of the Company	SEVA BY TARA FOUNDATION
Size (Authorised & Paid up)	10,00,000
Industry	Section 8 Company
Objects	Veterinary activities, Educational support services, other social work activities without accommodation n.e.c.
Shareholding Acquired	100% (Wholly Owned Subsidiary)
Cost of Acquisition	100000 shares of Rs. 10 per shares

The objects of the acquisition include veterinary activities, educational support services, and other social work activities without accommodation. The company stated that the indicative time period for completion of the incorporation cannot be specified at this stage. The cost of acquisition involves 100,000 shares priced at Rs. 10 per share.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.42%	+3.64%	+49.79%	+12.04%	+47.31%	+345.92%

Ludlow Jute & Specialities Limited has informed BSE Limited of a forthcoming Board of Directors meeting, scheduled for Monday, May 25, 2026. The intimation, dated May 16, 2026, was issued in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has also been hosted on the company's official website.

Board Meeting Details

The following key details have been disclosed regarding the upcoming board meeting:

Parameter:	Details
Meeting Date:	Monday, May 25, 2026
Notice Date:	May 16, 2026
Regulatory Compliance:	Regulation 29, SEBI (LODR) Regulations, 2015
Agenda Item 1:	Consideration and approval of audited financial results for the year ended March 31, 2026
Agenda Item 2:	Recommendation of dividend, if any, for the year ended March 31, 2026

Agenda and Regulatory Compliance

The primary agenda of the board meeting includes the consideration and approval of the audited financial results for the financial year ended March 31, 2026. Additionally, the Board will deliberate on the recommendation of dividend, if any, for the said year. The advance notice has been duly submitted to BSE Limited in accordance with the applicable SEBI listing regulations.

The notice was signed by Neha Jain, Company Secretary of Ludlow Jute & Specialities Limited, on May 16, 2026. The company is registered at Kankaria Estate, 5th Floor, 6 Little Russell Street, Kolkata – 700 071, India.