Date: 28/07/2026

Board Meeting Outcomes

  • The Board of Directors at its meeting held on July 28, 2026 approved the proposal for incorporation of a Wholly Owned Subsidiary in the Republic of South Africa
  • Approval is subject to obtaining applicable statutory, regulatory and other approvals

Subsidiary Details

Name: Proposed name is Ginni RSA (Pty) Ltd (or such other name as approved by CIPC, South Africa)

Holding Structure: 100% Wholly Owned Subsidiary of Ginni Filaments Limited

Country of Incorporation: Republic of South Africa

Date of Incorporation: To be incorporated (process being initiated)

Business Operations

Industry: Manufacturing, converting, trading, marketing, distribution, and sale of wet wipes

Line of Business: The proposed entity will engage in the manufacturing, converting, trading, marketing, distribution, and sale of wet wipes and allied consumer products

Financial Considerations

Nature of Consideration: Cash Consideration

Cost of Subscription: Initial capital subscription up to ₹10,00,00,000/- (Rupees Ten Crore Only) or equivalent in South African Rand (ZAR)

Infusion Structure: To be infused in one or more tranches in accordance with applicable laws

Shareholding: 100% Equity Shareholding and control will be held by Ginni Filaments Limited

Regulatory Approvals Required

South African Requirements: Incorporation registration with the Companies and Intellectual Property Commission (CIPC), South Africa

Indian Requirements: Necessary reporting/filings under the Foreign Exchange Management (Overseas Investment) Regulations, 2022 via an Authorized Dealer Category-I Bank in India

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Financial Results

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Regulatory Reference: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026