Vashu Bhagnani Industries Makes Further Investment of INR 10.09 Crores in UAE Subsidiary Modern Productions FZ LLC
Published on: May 6, 2026, 11:16 p.m. | Source: scanx.trade
Vashu Bhagnani Industries Limited disclosed on May 06, 2026, a further investment of INR 10,09,08,600/- in its wholly-owned UAE subsidiary, Modern Productions FZ LLC, through subscription of 4,419 shares at AED 100 face value and AED 781 premium per share. This follows a prior investment of INR 50.00 Crores disclosed on September 13, 2025, in the same entity. The capital infusion aims to strengthen the subsidiary's working capital and support entry into real estate business ventures, with completion expected within FY 26-27. Modern Productions FZ LLC reported a turnover of INR 732.63 lakhs in FY 2025-26 and total assets of INR 2,604.44 lakhs as on March 31, 2026.
