The proposed wholly owned subsidiary shall carry on the business of specialized manufacturer of high-quality steel products for infrastructure sector. Its product portfolio will include transmission towers, monopoles, crash barriers, octagonal poles, high-mast poles, prefabricated structures, and other infrastructure-related steel solutions.
The company will subscribe to the entire initial paid-up share capital of Rs 10 lakh in the subsidiary, with shares being issued at par value. The company will hold 100% ownership and retain full management control over the subsidiary.
Vibhor Steel Tubes is engaged in the business of manufacturing of ERW pipes & tubes, galvanized pipes & tubes, transmission line towers and crash barriers. The company's consolidated net profit declined 41.99% to Rs 2.57 crore despite 16.24% jump in revenue from operations to Rs 335.12 crore in Q4 FY26 over Q4 FY25.
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