Virat Industries jumps on getting nod to incorporate a wholly owned subsidiary in UAE
Virat Industries is currently trading at Rs. 525.05, up by 8.30 points or 1.61% from its previous closing of Rs. 516.75 on the BSE.
The scrip opened at Rs. 527.10 and has touched a high and low of Rs. 540.00 and Rs. 525.05 respectively. So far 246 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 883.20 on 05-Sep-2025 and a 52 week low of Rs. 278.95 on 19-Feb-2025.
Last one week high and low of the scrip stood at Rs. 565.80 and Rs. 500.55 respectively. The current market cap of the company is Rs. 763.93 crore.
The promoters holding in the company stood at 74.55%, while Non-Institutions held 25.45% stake in the company.
Virat Industries has received approval to incorporate a wholly owned subsidiary in United Arab Emirates (UAE) with proposed name ‘Brham Holding FZ-LLC’. The Board has approved an Overseas Direct Investment of up to AED 18,363,000 (around $5 million), in one or more tranches, in compliance with the provisions of the Companies Act, 2013, Foreign Exchange Management Act, 1999, Reserve Bank of India Regulations, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 and other applicable statutory requirements.
The proposed company will provide the assistance to the group companies to develop business of the company in middle East region. The Board of Directors of the company at its meeting held on December 11, 2025 inter alia, considered and approved the same.
Virat Industries (VIL) is a 100% Export Oriented Unit (EOU) manufacturing excellent quality socks for export, mainly to the European markets. The company plays the role of a contract manufacturer who supplies socks against specific orders.
