• Board approved incorporation of 100% owned Singapore subsidiary, Aeroplane FMCG Pte. Ltd., for rice and FMCG business.
• Company will subscribe to 500 shares at USD 1 each for total cash consideration of USD 500.
• Disclosure made under SEBI Listing Regulations 30 with complete details in Annexure A.
• Investment falls within Companies Act Section 186(2) limits with no governmental approvals required.