Growington Ventures India Limited has approved the transfer of USD 152,183 to its wholly-owned subsidiary, Elementures Foodstuff Trading LLC. This investment is for the allotment of 560 shares at a rate of @1000 AED per share. The decision was made during a board meeting held on August 29, 2026, and authorized directors will handle the necessary formalities. The board meeting concluded within an hour, indicating efficient decision-making.
Board Approves Strategic Investment
Growington Ventures India Limited announced today the approval of a significant investment into its wholly-owned subsidiary, Elementures Foodstuff Trading LLC. The Board of Directors, in a meeting held on August 29, 2026, sanctioned the transfer of USD 152,183. This capital infusion is specifically for the allotment of 560 shares in Elementures Foodstuff Trading LLC, with each share valued at @1000 AED.
Transaction Details and Authorization
The strategic decision to invest in its subsidiary reflects Growington Ventures’ commitment to expanding its global footprint and operations within the foodstuff trading sector. Directors Mr. Vikram Bajaj and Mr. Mukesh Patwa have been authorized by the board to oversee and complete all the necessary formalities associated with this share allotment and capital transfer. The board meeting, which commenced at 01:00 P.M. and concluded at 01:50 P.M., demonstrated a focused and efficient deliberation on this important matter.
Source: BSE
