Subsidiary incorporation - clarification ( letter is attached )

Dhruv Consultancy Services Ltd has issued a clarification regarding the incorporation of a subsidiary company. The subsidiary was formed purely for the execution of a project related to Wayside Amenities, for which the company had previously received a Letter of Award (LOA). The company states that no investment has yet been made in the subsidiary's share capital and it is not considered a material event. The company also apologized for a minor delay in the previous disclosure due to a public holiday.