Sangam (India) Limited — Important, 30-04-2025: General Updates

Sangam (India) Limited has incorporated a joint venture, Goldenseams Sangam Private Limited, with a share capital of ₹1,00,000 (1 Lakh). The company holds a 50% stake, investing ₹50,000 for 5,000 equity shares at ₹10 each. This venture aims to enhance denim manufacturing and laundry capabilities in Orissa, aligning with Sangam’s core denim operations. While business activities have yet to commence, this initiative could present long-term growth opportunities as it establishes its position in the denim sector.