Ludlow Jute & Specialities Ltd — Important, 25-05-2026: Company Update

M LUDLOW JUTE & SPECIALITIES LIMITED's board has approved the incorporation of a Wholly Owned Subsidiary named SEVA BY TARA FOUNDATION. This new entity will operate as a Section 8 (non-profit) Company, focusing on veterinary activities, educational support services, and other social work. The subsidiary will be capitalized with an authorized and paid-up capital of Rs. 0.1 Cr, acquired via cash consideration. This strategic move diversifies the company's engagement into social welfare, establishing a charitable arm distinct from its core jute business. The incorporation is subject to Ministry of Corporate Affairs approval and will be a related party transaction.