BharatRohan INC. is incorporated in Delaware, United States of America and is a wholly owned subsidiary of GroeiGids B.V. (Netherlands), which in turn is a wholly owned subsidiary of BharatRohan Airborne Innovations Limited. The company is currently in discussions with prospective investors but no definitive agreements have been executed.
Following the proposed fund raise, the Company through GroeiGids B.V. will continue to hold more than 50% of BharatRohan INC., which will remain a step-down subsidiary of the Company. The transaction is not a related party transaction, and no promoters/group/group companies have any interest other than through the Company's shareholding.
No capital or guarantee is committed by the Company for this fund raise. BharatRohan INC. will continue to be consolidated in the Company's financial statements through its holding company GroeiGids B.V.
The objects of the fund raise are for business operations and general corporate purposes of BharatRohan INC. in the United States. BharatRohan INC. is building a spice brand for the U.S. market, leveraging its SourceAssure® platform to source, market, package, and sell traceable spices, pulses, and pantry staples directly to households, retailers, and foodservice providers.
This intimation is for information only and does not constitute an offer or invitation to invest in any securities. The disclosure was made in compliance with Regulation 30 of SEBI Listing Regulations.