Vashu Bhagnani Industries Approves Rs 50 Crore Investment in UAE Subsidiary Sep 13, 2025
Vashu Bhagnani Industries Limited plans to invest up to Rs 50 crores in its UAE subsidiary, Modern Productions FZ LLC. The investment, comprising Rs 10 crores in loans and Rs 40 crores in share subscription, aims to boost working capital and support expansion into real estate ventures. The investment is scheduled for completion by fiscal year 2025-26. Modern Productions FZ LLC, operating in film and TV production, has shown growth with turnover increasing from Rs 3.56 crores in 2023-24 to Rs 6.88 crores in 2024-25. The transaction, approved by the Audit Committee, qualifies as a related party transaction under SEBI regulations.