Marine Electricals' Subsidiary, Narhari Engineering Works, Converts to MEL Heavy Industries Private Limited
Marine Electricals' subsidiary, Narhari Engineering Works, converted into a private limited company named MEL Heavy Industries Private Limited, effective 22 May 2026. The authorized capital is ₹5 crore. Marine Electricals continues to hold 99% of the shares. Turnover for the previous three financial years ranged from ₹21.09 crore to ₹22.11 crore.
The conversion of the subsidiary is unlikely to have a significant impact on the company's overall operations or financial performance.
The announcement is a factual disclosure about the conversion of a subsidiary into a private limited company and does not contain any inherently positive or negative information.
Marine Electricals (India) Limited announced that its subsidiary, Narhari Engineering Works, a partnership firm, has been converted into a private limited company named “MEL HEAVY INDUSTRIES PRIVATE LIMITED” effective from 22nd May, 2026. This conversion is pursuant to the applicable provisions of the Companies Act, 2013. The Certificate of Incorporation has been received from the Central Registration Center.
The authorized capital of MEL Heavy Industries Private Limited is ₹5 crore, divided into 50 lakh equity shares of ₹10 each. This conversion does not involve any acquisition or financial transaction. Marine Electricals continues to hold 99% of the shares. MEL Heavy Industries Private Limited is engaged in the business of manufacturing electric motors, pump sets, and other electrical products. Turnover for the previous three financial years was ₹22.11 crore in 2022-2023, ₹21.09 crore in 2023-2024, and ₹21.86 crore in 2024-2025.
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Marine Electricals (India) Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Marine Electricals (India) Limited. Read the original for the full detail.