Manorama Industries Limited has informed the Exchange about Incorporation of Wholly Owned Subsidiary Company in Republic of Chad
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Manorama Industries has incorporated a wholly owned subsidiary named 'Manorama Savannah Agro Chad SARL' in the Republic of Chad on July 20, 2026. The new entity will operate in the Food & Cosmetic Industry (Trading) segment with the primary objective of expanding the company's business. The initial paid-up capital is CFA 10,000,000 (approximately ₹1 crore), fully subscribed by Manorama Industries in cash, giving it 100% ownership. The entity is newly incorporated with no prior turnover history, and any future transactions will be conducted on an arm's length basis.
This move signals Manorama's international expansion into Africa, likely to secure raw materials or trading opportunities. For shareholders, it represents a small initial investment (around ₹1 crore) but could offer longer-term growth if the African operations scale up successfully.