Power Mech Projects Limited announced that Special Purpose Vehicle (SPV) has been incorporated with the name Kalyaneswari Tasra Mining Private Limited, the intimation of which was received by the Company via email on August 28, 2023. Authorized Capital: INR 1,500,000 divided into 150,000 Equity Shares of INR 10 each. Paid Up Capital: INR 100,000 divided into 10,000 equity shares of INR 10 each.

This is a newly incorporated Company and the operations are yet to commence. The Promoter and Promoter Group are not interested in the transaction.