• Crestchem board approved formation of new subsidiary Oleo Biosciences Pvt Ltd with ₹10 lakh capital for a pilot plant.
• Crestchem subscribed to 75% (75,000 shares) of the subsidiary's equity for ₹7.5 lakh to establish Southern India presence.
• The project is in preliminary stage with operations not commenced and is being reevaluated due to global war uncertainties.
• Board authorized Dipak Patel to sign documents and vested day-to-day management with local director R. Kirankumar in Bangalore.