Crestchem Limited's board will meet on 07/05/2026 to formalize the establishment of its new subsidiary, Oleo Biosciences Private Limited.
The company has subscribed to 75,000 equity shares (75% stake) in the subsidiary for ₹7.5 lakhs, with an authorized capital of ₹10 lakhs.
The subsidiary is a preliminary step to set up a small pilot-scale manufacturing and product development facility in Bangalore, Karnataka.
Operations are proceeding cautiously due to the current turbulent geopolitical war scenario, with no machinery orders placed yet.