S H Kelkar Gets Board Nod to Form New Wholly-Owned Subsidiary in UAE

MT Newswires Live

2025/05/19

Flavor and fragrance company S H Kelkar and Company (NSE:SHK, BOM:539450) has received board approval to establish a wholly-owned subsidiary tentatively called Keva Middle East FZE in the United Arab Emirates (UAE), according to a Friday filing to the Indian stock exchanges.

The new entity is proposed to be formed in any location in the UAE on the basis of the infrastructure and facilities that would be suitable for the company's business. It will also play an important role in boosting Keva's global research and development capabilities.

The company will initially invest 150,000 Emirati dirhams in the proposed entity, and the incorporation is expected to be completed by Dec. 31.

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