Virat Industries Approves AED 18.36 Million Investment for UAE Subsidiary Formation
Virat Industries Limited has approved the formation of a wholly-owned subsidiary BRHAM HOLDING FZ-LLC in UAE with an investment of AED 18.36 million (approximately $5 million USD). The subsidiary will help expand the company's business operations in the Middle East region, with incorporation expected to complete within 4-6 weeks in full regulatory compliance.
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Virat Industries Limited , a BSE-listed textile company, has taken a significant step forward in its international expansion strategy. The company's Board of Directors, in a meeting held on December 11, 2025, approved the incorporation of a wholly-owned subsidiary in the United Arab Emirates.
UAE Subsidiary Incorporation
The Board has approved the formation of BRHAM HOLDING FZ-LLC, a wholly-owned subsidiary in the UAE, with a substantial financial commitment. The company will make an Overseas Direct Investment of up to AED 18,363,000 (approximately $5 million USD) in one or more tranches.
| Parameter: | Details |
|---|---|
| Subsidiary Name: | BRHAM HOLDING FZ-LLC |
| Location: | United Arab Emirates |
| Investment Amount: | AED 18,363,000 (≈$5 million USD) |
| Ownership: | 100% shareholding |
| Timeline: | 4-6 weeks tentatively |
Strategic Objectives
The proposed subsidiary will serve as a strategic platform to assist group companies in developing business operations in the Middle East region. This move represents Virat Industries' commitment to expanding its presence beyond the Indian market and tapping into the growing opportunities in the UAE and broader Middle Eastern markets.
Regulatory Compliance
The investment has been structured in compliance with multiple regulatory frameworks including:
- Companies Act, 2013
- Foreign Exchange Management Act, 1999
- Reserve Bank of India Regulations
- SEBI Listing Obligations and Disclosure Requirements Regulation 2015
Previous Strategic Initiatives
This latest development builds upon the company's earlier strategic announcements from October 2025, which included plans for acquisitions within the Brahm Group across diverse sectors such as luxury handbags, wellness centers, and seafood distribution. The Board had also approved a corporate rebranding to "Brham Well-being & Lifestyle Corporation Limited," subject to shareholder approval.
Corporate Governance
The Board meeting, which commenced at 4:00 PM and concluded at 4:44 PM on December 11, 2025, demonstrates the company's continued focus on strategic expansion and diversification. The subsidiary formation does not fall within related party transactions, and the promoter/promoter group has no interest in the entity being acquired.
This international expansion initiative positions Virat Industries to leverage opportunities in the Middle East market while maintaining its established operations in India's textile sector.
Historical Stock Returns for Virat Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.35% | -3.06% | -13.78% | +6.18% | +22.32% | +1,187.28% |
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