Ester Industries Limited — Important, 12-02-2025: General Updates

Ester Industries Limited has updated its joint venture arrangement with Loop Industries Inc., Canada. Following the earlier agreement, the joint venture entity, Ester Loop Infinite Technologies Private Limited (ELITe), was incorporated as a wholly owned subsidiary. Both companies have now been allotted 85,00,000 equity shares of ELITe, with each holding an equal stake, resulting in a 50:50 joint venture. This strategic collaboration aims to manufacture DMT and/or MEG through the depolymerization of PET and/or polyester waste utilizing patented Loop technology. This development positions Ester Industries for potential growth in the sustainable materials market, warranting investors' close attention to future performance stemming from this partnership.