Manorama Industries Limited has expanded its international footprint by incorporating a wholly owned subsidiary in the Republic of Chad on July 20, 2026. The new entity, named Manorama Savannah Agro Chad SARL, was established with the primary objective of expanding the company's business operations. The Certificate of Incorporation was received by the company on the evening of July 20, 2026.

The subsidiary falls under the Food & Cosmetic Industry (Trading) sector. As a wholly owned subsidiary, it is classified as a related party of Manorama Industries Limited. The company confirmed that the promoter and promoter group have no interest in the transaction other than what is stated, and any future dealings with the subsidiary will be conducted on an arm's length basis.

Financial Details of the Subsidiary

The incorporation involved a total cost of acquisition of CFA 10,000,000. Manorama Industries Limited holds 100% of the shareholding in the new entity, acquired through a full cash subscription to the initial paid-up capital.

Regulatory and Operational Status

The incorporation was completed in accordance with the laws applicable in the Republic of Chad. Since the entity is newly incorporated, it does not have a history of turnover for the past three years. The intimation was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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