Subsidiary Details
Best Agrolife Global Mauritius, a Wholly Owned Subsidiary (WOS) of Best Agrolife Ltd, has incorporated a new Wholly Owned Subsidiary in Brazil named Best Agrolife Do Brazil LTDA.
Incorporation Date
June 8, 2026
Corporate Structure
The new entity is a step-down subsidiary (subsidiary of a subsidiary) of Best Agrolife Ltd.
Business Activities
The Brazilian subsidiary intends to carry out:
- Sale, purchase and development of agrochemicals
- Agriculture products business
- Fertilizers business
- Creation of intellectual property
Business Alignment
The business of the new step-down subsidiary company is in line with the main line of business of Best Agrolife Ltd.
Capital Structure
Authorized Capital: R$ 50,000 (fifty thousand Brazilian reais) divided into 50,000 (fifty thousand) shares with a nominal value of R$ 1.00 [one real] each.
Initial Subscription: R$ 10,000 (ten thousand Brazilian reais) by Best Agrolife Global Mauritius.
Consideration Type
Cash consideration
Current Status
The entity is newly incorporated and yet to commence business operations. No turnover history exists as operations haven't begun.
Related Party Transaction
The incorporation falls within related party transactions since Best Agrolife Do Brazil LTDA is promoted by Best Agrolife Global Mauritius, a Wholly Owned Subsidiary of Best Agrolife Ltd. The Company is not a direct party to the subscription.
Regulatory Approvals
No governmental or regulatory approvals were required for this acquisition.
Disclosure Delay Explanation
The incorporation was completed on June 30, 2026, but disclosure was delayed due to late receipt of relevant information and incorporation documents from the overseas consultant due to unavoidable circumstances at the consultant's end. The company made this disclosure promptly upon receipt and verification of the relevant information and documents.
Additional Information
The disclosure is made pursuant to SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The information has been placed on the company's website at www.bestagrolife.com.