Pursuant to Regulation 30 of the LODR Regulations, it is hereby informed that the Wholly Owned Subsidiaries (WOS) have been incorporated and the Company, as a subscriber to the memorandum of association of the WOS, will invest as below:
A. Aurum Softwares and Solutions Private Limited was incorporated on December 1, 2021 - To subscribe 20,00,000 equity shares of Rs. 10 each.
B. Aurum RealTech Services Private Limited was incorporated on December 6, 2021 - To subscribe 20,00,000 equity shares of Rs. 10 each.
The WOS are yet to commence its business operations and have received certificates of incorporation dated January 7, 2022.
The details required under Regulation 30 of the LODR Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, are enclosed as Annexure A and B.
You are requested to take the above on record.