Valecha Engineering Limited announced today, January 13, 2026, the outcome of its Board of Directors meeting. The Board has approved the incorporation of a new subsidiary company. This subsidiary will be formed in conjunction with Univastu India Limited, sharing common directorship. Upon its incorporation, Valecha Engineering Limited will hold a 51% stake, while Univastu India Limited will hold the remaining 49% of the total paid-up share capital. Further details regarding the name and other relevant information of the proposed subsidiary will be communicated to the stock exchanges once the incorporation process is complete. The Board meeting commenced at 4:00 PM and concluded at 5:20 PM.
