| The board of Belrise Industries at its meeting held on 11 August 2025 has approved the incorporation of a wholly owned subsidiary (WOS) of the Company in India.
The proposed WOS will carry on the business related to engineering,
technologies involving mechanical, optical, electrical, electronic, software & other technologies required for defence, space, aerospace and
allied industry. The business of the proposed WOS is aligned with the main line of business of the Company. |