We have attached herewith announcement as per Regulations 30 of SEBI (LODR) Regulations, 2015. Kindly take the same on your record. Thank you.
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Sonalis Consumer Products Ltd has incorporated a wholly owned subsidiary named 'Sonalis Consumer Products FZC LLC' in the Ajman Nu Ventures Centre Free Zone, UAE, on January 14, 2026. The subsidiary has a paid-up share capital of 100,000 AED, divided into 100 shares of 1,000 AED each, fully subscribed in cash by the parent company. The new entity will operate in retail and wholesale trading across multiple segments including foodstuffs, grains, oils, sugar, snack foods, beverages, used auto spare parts, IT consulting, software development, and marketing. The transaction is not a related party deal, and the company has stated the move is aimed at expanding market presence, growing revenue, and reducing dependence on a single market.
This is a small greenfield expansion into the UAE with no immediate financial impact since the subsidiary is newly formed with no turnover. Shareholders should view this as a modest diversification move that could support future international growth, but it is unlikely to move the stock price in the near term.