Speciality Restaurants Ltd
Speciality Restaurants’ Subsidiary SHIPL No Longer Wholly Owned 🏢
- SHIPL (Speciality Hotels India Pvt Ltd) ceased to be a wholly owned subsidiary of Speciality Restaurants Ltd after a preferential share allotment.
- 2,385 equity shares (face value â‚ą100) issued at â‚ą838.57/share to Esensos Services, totaling â‚ą20 lakh.
- Parent company’s stake diluted to 98.28%, making SHIPL a subsidiary (not wholly owned).
- SHIPL reported zero income and a negative net worth of â‚ą10,146 as of March 31, 2025.
- Transaction with Esensos was arm’s length and classified as a related party deal.