BSEGeneral2 Nov 2026 · 2 Nov 2026, 07:43 pm
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its Meeting held today i.e on 2nd November 2026 at 6.00 PM at the registered office of the company, has approved the incorporation of a Wholly Owned Subsidiary in India. The relevant details as required under the SEBI Listing Regulations read with ....
Rajasthan Securities Ltd · 526873
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Rajasthan Securities Ltd has announced the formation of a Wholly Owned Subsidiary in India, approved by its Board of Directors on 2nd November 2026. The subsidiary will engage in general trading, trading in securities, and allied business activities, supporting the company's long-term growth strategy.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Rajasthan Securities Ltd - 526873 - Board Meeting Outcome for Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015 - Formation Of Wholly Owned Subsidiary
Outcome Of The Meeting Of The Board Of Directors Held On 02Nd November 2026
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RAJASTHAN SECURITIES LIMITED
(Previously known as Rajasthan Gases Limited)
To, Date: 02/11/2026
The Manager,
Corporate Relationship Department,
Bombay Stock Exchange,
1st Floor, New Trading Ring,
Rotunda Building, P.J. Towers,
Dalal Street, Fort,
Mumbai – 400001.
Scrip Code: 526873
SUBJECT: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015 - Formation of Wholly Owned Subsidiary
Outcome of the Meeting of the Board of Directors held on 02nd November 2026
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its
Meeting held today i.e on 2nd November 2026 at 6.00 PM at the registered office of the company, has
approved the incorporation of a Wholly Owned Subsidiary in India.
The relevant details as required under the SEBI Listing Regulations read with SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Circular No. SEBI/HO/CFD/CFD-
PoD-2/CIR/P/2024/185 dated December 31, 2024 (collectively referred to as “SEBI Circulars”) are enclosed
as Annexure - A.
The meeting commenced at 06.00 P.M. and concluded at 7.30 P.M.
You are requested to take the above submission on record.
Yours Faithfully,
For Rajasthan Securities Limited
(Formerly known as Rajasthan Gases Limited)
Nikhilesh Khandelwal
Managing Director
DIN 06945684
Registered Office: Shop No.107, Plot no. 268, Honey Arjun Kauslya tower, C.A ROAD, Lakadganj,
Nagpur - 440008, Maharashtra, India
Contact: 9371001503, Email: info@rajasthangasesltd.com
Web: www.rsl.in CIN: L64990MH1993PLC272204
RAJASTHAN SECURITIES LIMITED
(Previously known as Rajasthan Gases Limited)
ANNEXURE A
Details required under Regulation 30 of SEBI LODR
Particulars Disclosure
Name of the target entity, details in brief such as The name of the proposed Wholly-owned
size, turnover etc.; Subsidiary (“WOS”) will be as may be
approved by the Ministry of Corporate
Affairs (“MCA”), Government of India. The
necessary update will be given once the
WOS is incorporated.
Proposed authorized and paid-up share
capital: Rs. 1,00,00,000/- Size/ Turnover:
Not applicable
whether the acquisition would fall within related The proposed WOS will be a related party of
party transaction(s) and whether the promoter/ the Company upon incorporation thereof.
promoter group/ group companies have any Save and except as mentioned above, the
interest in the entity being acquired? If yes, promoter/ promoter group/ group companies
nature of interest and details thereof and whether are not interested in the proposed WOS.
the same is done at “arm’s length”;
However the company has no promoter,
promoter group and group company as on
today.
industry to which the entity being acquired The proposed company will carry on
belongs business of general trading, Trading in
securities and in line with the main business
activity of Rajasthan Securities Limited.
objects and impact of acquisition (including but The subsidiary proposed to be incorporated
not limited to, disclosure of reasons for to undertake General Trading, Trading in
acquisition of target entity, if its business is Securities and allied business activity and
outside the main line of business of the listed support the Company's long-term growth
entity); strategy.
The business of the Wholly Owned
Subsidiary is not outside the main line of
business of the Company.
brief details of any governmental or regulatory The incorporation of the proposed WOS is
approvals required for the acquisition; subject to the approval of the MCA and other
relevant statutory/regulatory authorities as
may be applicable.
Indicative time period for completion of the The incorporation of the proposed WOS will
acquisition be completed subject to receipt of approvals
of the statutory/regulatory authorities as may
be applicable.
The necessary update will be given once the
WOS is incorporated.
Registered Office: Shop No.107, Plot no. 268, Honey Arjun Kauslya tower, C.A ROAD, Lakadganj,
Nagpur - 440008, Maharashtra, India
Contact: 9371001503, Email: info@rajasthangasesltd.com
Web: www.rsl.in CIN: L64990MH1993PLC272204
RAJASTHAN SECURITIES LIMITED
(Previously known as Rajasthan Gases Limited)
consideration - whether cash consideration or The proposed initial capital of the Wholly
share swap or any other form and details of the Owned Subsidiary will be in the form of
same; cash.
Subscription to equity share capital up to Rs.
1,00,00,000/- (Rupees One Crore only).
Percentage of shareholding/control The Company will be Wholly Owned
Subsidiary of Rajasthan Securities Limited,
hence shareholding will be 100% (except
nominee shareholding, as required under
Law).
brief background about the entity acquired in Not Applicable.
terms of products/line of business acquired, date
of incorporation, history of last 3 years turnover,
country in which the acquired entity has presence
and any other significant information (in brief);
Yours Faithfully,
For Rajasthan Securities Limited
(Formerly known as Rajasthan Gases Limited)
Nikhilesh Khandelwal
Managing Director
DIN 06945684
Registered Office: Shop No.107, Plot no. 268, Honey Arjun Kauslya tower, C.A ROAD, Lakadganj,
Nagpur - 440008, Maharashtra, India
Contact: 9371001503, Email: info@rajasthangasesltd.com
Web: www.rsl.in CIN: L64990MH1993PLC272204