Bombay Metrics Supply Chain Limited — Important, 13-11-2024: General Updates

The Board of Directors has approved the unaudited financial results for the half year ended 30th September 2024, supported by a limited review report from statutory auditors. Additionally, the board intends to incorporate a new subsidiary, Bombay Metrics Metals Private Limited, through an investment of INR 8,00,000 for 8,000 equity shares at a face value of INR 10 each. This subsidiary aims to engage in the manufacturing and trading of various metals and alloys, including steel, aluminum, and copper. It will also be involved in CNC and VMC machining and related industrial machinery production. The subsidiary will be a related party but will not involve any interest from the promoters or their group companies. This strategic move could enhance the company’s operational capabilities, presenting potential growth opportunities in the metals sector. Investors should monitor the incorporation process and the subsequent impacts on the company's business trajectory.