Le Merite Exports Limited has announced the incorporation of its associate company, "Le Merite Torna Technical Textile Park Private Limited". The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on July 08, 2026. The new entity is established with the primary objective of planning, developing, establishing, operating, and managing an integrated technical textile park. This includes creating requisite infrastructure and common facilities, acquisition and development of land, and undertaking all incidental and ancillary activities. The authorized and paid-up share capital of "Le Merite Torna Technical Textile Park Private Limited" is ₹1,00,000, divided into 10,000 Equity Shares of ₹10 each. Le Merite Exports Limited holds 3500 equity shares, representing 35% of the share capital. The company has not yet commenced commercial operations, and its business is outside the main line of Le Merite Exports Limited's current operations. The equity shares are being subscribed at face value, and the consideration will be paid in cash.
