Belrise Industries rises on getting nod to incorporate wholly owned subsidiary
Belrise Industries is currently trading at Rs. 134.30, up by 1.15 points or 0.86% from its previous closing of Rs. 133.15 on the BSE.
The scrip opened at Rs. 136.15 and has touched a high and low of Rs. 138.50 and Rs. 133.55 respectively. So far 679499 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 145.15 on 05-Aug-2025 and a 52 week low of Rs. 89.20 on 02-Jun-2025.
Last one week high and low of the scrip stood at Rs. 138.80 and Rs. 132.40 respectively. The current market cap of the company is Rs. 11924.38 crore.
The promoters holding in the company stood at 73.01%, while Institutions and Non-Institutions held 13.90% and 13.09% respectively.
Belrise Industries has received approval for the incorporation of a wholly owned subsidiary (WOS) of the company in India as per the provisions of the Companies act, 2013. The proposed WOS will carry on the business related to engineering, technologies involving mechanical, optical, electrical, electronic, software & other technologies required for defence, space, aerospace and allied industry.
The business of the proposed WOS is aligned with the main line of business of the company. The Board of Directors of the company in its meeting held on August 11, 2025, has approved the same.
Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
