Rainbow Foundations Ltd Launches Real Estate Subsidiary
Rainbow Foundations Ltd has announced the incorporation of a wholly owned subsidiary, Rainbow Foundations and Real Estates Private Limited, marking the company's strategic expansion into the real estate sector. The new entity was incorporated on February 13, 2026, and is yet to commence business operations.
The subsidiary has been established with a proposed authorized capital structure designed to support its real estate operations:
Parameter: Details Authorized Capital: Rs. 15.00 lakh Share Structure: 1,50,000 equity shares Face Value: Rs. 10 per share Ownership: 100% wholly owned subsidiary Date of Incorporation: February 13, 2026
The newly incorporated entity will operate in the real estate sector with comprehensive business objectives spanning multiple areas of property development and construction services.
Primary Business Activities: Real Estate Development: - Property development and construction - Real estate brokerage and agency services - Layout promotion and land development - Building design and engineering consultancy - Import and export of construction materials and prefabricated structures
Construction Contracting: - Civil, mechanical, and labor contracting services - Infrastructure development projects including roads, bridges, and utilities - Turnkey construction solutions - Specialized construction for railways, airports, and industrial facilities
The incorporation does not require any specific governmental or regulatory approvals and does not fall under related party transactions. The parent company has confirmed that promoters and group companies have no conflicting interests in the newly formed entity.
This incorporation represents Rainbow Foundations' strategic move to establish a dedicated real estate arm, allowing the company to pursue opportunities in property development, construction contracting, and related services. The subsidiary structure provides operational flexibility while maintaining full control through 100% ownership, enabling streamlined decision-making and resource allocation in the real estate sector.
Rainbow Foundations Limited's Board approved the incorporation of the wholly owned subsidiary Rainbow Foundations and Real Estates Private Limited on February 02, 2026. The real estate-focused subsidiary will be established in Chennai with Rs.99,990 investment through 9,999 equity shares at Re 10.00 face value, giving the parent company 100% control.
The new entity will be named Rainbow Foundations and Real Estates Private Limited and will operate in the real estate sector. The proposed company will have its registered office situated in Chennai, Tamil Nadu, India, with incorporation currently under process.
Parameter: Details Company Name: Rainbow Foundations and Real Estates Private Limited Industry: Real Estate Country of Incorporation: India (Chennai, Tamil Nadu) Holding Company: Rainbow Foundations Limited Business Focus: Real Estate Operations
Rainbow Foundations Limited will maintain complete control over the subsidiary through a significant equity investment. The parent company will subscribe to 99.99% of the initial paid-up share capital through cash consideration.
Investment Details: Specifications Total Investment: Rs.99,990 Number of Shares: 9,999 equity shares Face Value: Re 10.00 per share Subscription Price: At par value Shareholding Percentage: 100% Nature of Consideration: Cash
The incorporation process requires no specific governmental or regulatory approvals, streamlining the establishment of the new entity. The Board meeting, which commenced at 17:00 hours and concluded at 18:00 hours, was conducted in compliance with SEBI regulations.
The subsidiary will concentrate on real estate business operations, expanding Rainbow Foundations Limited's presence in the real estate sector. This strategic move represents the company's commitment to diversifying its business portfolio within the real estate domain through a dedicated subsidiary structure.
