Raymond Realty Limited Incorporates Wholly Owned Subsidiary, Ten X Realty South Limited
Raymond Realty Limited has taken a strategic step by incorporating a wholly owned subsidiary company, Ten X Realty South Limited (TXRSL), on May 15, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Strategic Rationale for Incorporation
The incorporation of TXRSL is part of a strategic initiative aimed at exploring and undertaking new real estate projects, particularly under the redevelopment model. The move is also intended to mitigate project-specific risks associated with real estate development.
Key Details of Ten X Realty South Limited
- Name: Ten X Realty South Limited (TXRSL)
- Date of Incorporation: May 15, 2026
- Corporate Identity Number: U68200MR2026PLC476670
- Registered With: Registrar of Companies, Mumbai, Maharashtra
- Authorized Share Capital: Rs.1,00,000/- divided into 10,000 equity shares of Rs.10/- each
- Turnover: Nil (proposed to be incorporated)
- Industry: Real Estate
- Shareholding: 100% — Wholly Owned Subsidiary of Raymond Realty Limited
- Nature of Consideration: Investment / Subscription in cash by Raymond Realty Limited along with its nominees in 10,000 equity shares of Rs.10/-
- Mailing Address: At Post J. K. Gram, Pokhran Rd No. 01 Thane W, Jekegram, Thane, Thane- 400606, Maharashtra
Ownership and Regulatory Compliance
Raymond Realty Limited, along with its nominees, has subscribed to 10,000 equity shares of Rs.10/- each in TXRSL in cash, making it a 100% wholly owned subsidiary.
Operational Status
As of the date of filing, TXRSL is yet to commence its business operations. The entity has been incorporated in India and is registered under the Companies Act, 2013.
Investor Conference Details
Raymond Realty's representatives are scheduled to participate in the investor conference hosted by Centrum Broking Limited on May 21, 2026.
- Parameter: Details
- Date: May 21, 2026
- Mode of Interaction: One-to-One & / Group Meetings
- Hosted By: Centrum Broking Limited
- Conference Name: Nakshatra III - Shining Stars Amid Global Turbulence
- Venue: Virtual
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