Manorama Industries approves wholly owned subsidiary in Chad

Manorama Industries Limited’s Board of Directors approved the incorporation of a wholly owned subsidiary in Chad on July 09, 2026. The new entity, Manorama Savannah Agro Chad SARL, will focus on buying, processing, and selling shea nuts, butter, and other materials. This strategic move aims to expand the company's operational footprint in the region.

The subsidiary will be incorporated with an authorized and paid-up capital of CFA 1,00,00,000. The investment will be made through a 100% subscription to the initial paid-up share capital in cash. Further funding may occur in one or more tranches based on business requirements or decisions by authorized persons.

As the proposed entity will be a wholly owned subsidiary, it will be classified as a related party company post-incorporation. The company stated that save for this relationship, the promoter or promoter group holds no other interest in the transaction. All dealings with the subsidiary will be conducted on an arm’s length basis.

The Board meeting, which commenced at 9:30 p.m. IST and concluded at 10:05 p.m. IST, was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Limited.

Key Details of the Subsidiary

Particular	Details
Name of the entity	Manorama Savannah Agro Chad SARL
Country of incorporation	Chad
Authorized capital	CFA 1,00,00,000
Paid-up capital	CFA 1,00,00,000
Shareholding acquired	100%
Primary objective	Buying, processing, and selling shea nuts/butter and other materials

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.49%	+4.15%	+4.02%	+24.56%	+10.93%	+693.15%

Promoters of Manorama Industries Limited , along with members of the promoter group and persons acting in concert, hold 51.38% of the company's total issued capital as on July 04, 2026. The disclosure was made to BSE Limited and National Stock Exchange of India Limited under Regulation 31(4) and (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The total promoter and promoter group shareholding stands at 3,24,35,406 equity shares. Ashish Ramesh Saraf, the Promoter, Chairman, and Managing Director, confirmed that no shares have been encumbered directly or indirectly from April 01, 2026 to the date of the disclosure.