Aprameya Engineering (APRAMEYA) has incorporated a new subsidiary, Aprameya Medtech Private Limited, signaling a strategic entry into the manufacturing of medical equipment and devices.

This move is designed to diversify the company's business and potentially unlock new growth avenues.

APRAMEYA will own 70% of the new subsidiary, committing ₹0.35 Cr to its initial paid-up capital of ₹0.50 Cr.

Notably, the remaining 30% will be held by Managing Director Saurabh Kishorbhai Bhatt (15%) and Mr. Chetan Mohan Joshi (15%), making Aprameya Medtech a related party.

Investors should factor this ownership structure into their assessment of this new venture.

This proactive step by APRAMEYA highlights its commitment to expanding its market presence and exploring opportunities within the medical technology sector.