NewsCorporate ActionsNaksh Precious Metals Expands into Food Processing with New Subsidiary NAS Global IndustriesNaksh Precious Metals Expands into Food Processing with New Subsidiary NAS Global Industries
Naksh Precious Metals Limited has incorporated a new subsidiary, NAS Global Industries Private Limited, to enter the food processing and manufacturing industry. The subsidiary was approved by the Ministry of Corporate Affairs on June 9th, 2025. Naksh Precious Metals acquired a 51% stake in the new entity for Rs. 2,55,000. NAS Global Industries will focus on food processing, manufacturing, trading, and import/export activities across various product categories including agro products, machinery, and packaged foods. This strategic move aims to expand operations, drive growth, and increase market share for Naksh Precious Metals.
*this image is generated using AI for illustrative purposes only.
Naksh Precious Metals Limited , a company known for its operations in the precious metals sector, has made a strategic move to diversify its business portfolio. The company has successfully incorporated a new subsidiary, NAS Global Industries Private Limited, marking its entry into the food processing and manufacturing industry.
Incorporation Details
The Ministry of Corporate Affairs granted approval for the incorporation of NAS Global Industries Private Limited on June 9th, 2025, issuing a Certificate of Incorporation. The new entity is registered in the state of Maharashtra, as confirmed by Naksh Precious Metals in its regulatory filing to the BSE.
Ownership and Investment
Naksh Precious Metals has acquired a controlling stake in the new subsidiary:
| Detail | Value |
|---|---|
| Shares Acquired | 25,500 |
| Price per Share | Rs. 10.00 |
| Total Investment | Rs. 2,55,000 |
| Ownership Percentage | 51% |
This investment gives Naksh Precious Metals a majority ownership, allowing it to guide the strategic direction of the new venture.
Business Scope
NAS Global Industries Private Limited has been established with an authorized capital of Rs. 15,00,000. The subsidiary's business scope is diverse, encompassing:
- Food processing
- Manufacturing
- Trading
- Import and export activities
The company will deal in a wide range of products, including:
- Agro products
- Raw materials and finished products
- Machinery and equipment
- Steel and metal products
- Chemical products
- IT services
- Agricultural products (onions, vegetables, fruits)
- Packaged and frozen foods
Strategic Rationale
The incorporation of NAS Global Industries is part of Naksh Precious Metals' strategy to:
- Expand business operations on a large scale
- Drive growth
- Increase revenue
- Enhance market share
This move represents a significant diversification from Naksh Precious Metals' core business, potentially opening up new revenue streams and market opportunities.
Management Commentary
Mrs. Sneha Vispute, Chairman & Managing Director of Naksh Precious Metals Limited, signed off on the regulatory filing, underlining the importance of this strategic move for the company's future growth plans.
Market Implications
While it's too early to determine the financial impact of this new venture, the diversification into food processing and related industries could potentially provide Naksh Precious Metals with a hedge against volatility in the precious metals market. Investors and market analysts will likely be watching closely to see how this new subsidiary performs and contributes to the parent company's overall growth strategy.
As NAS Global Industries Private Limited begins its operations, stakeholders will be keen to observe how Naksh Precious Metals leverages this new arm to expand its presence in the food processing and manufacturing sectors, and how it might complement or diversify the company's existing business model.
Historical Stock Returns for Naksh Precious Metals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.42% | -2.35% | -3.26% | -26.10% | -40.27% | -67.05% |
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