The Board of Directors of The Ruby Mills Limited, in a meeting held on January 19, 2026, approved the incorporation of three wholly owned subsidiaries in Mumbai, India. These special purpose vehicles (SPVs) are being established to invest in a Solar Open Access project, providing the company with future flexibility in managing the investment. The incorporation process is contingent upon obtaining the necessary approvals and will adhere to the applicable provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further disclosures will be made to the stock exchanges upon the successful incorporation of these subsidiaries. The board meeting commenced at 2:30 p.m. and concluded at 2:47 p.m. on January 19, 2026.
