TBI Corn Limited — Important, 29-01-2025: General Updates

TBI Corn Limited has incorporated a wholly owned subsidiary named Revita Starch Private Limited, which is focused on the wet milling of corn and other processing activities. Revita Starch has an authorized and paid-up share capital of Rs. 15,00,000 (Cr 1.5) and is yet to commence operations. The acquisition reflects TBI Corn’s strategy to expand its presence in the maize and starch products industry, aligning with its growth objectives. This move positions TBI Corn to leverage opportunities in ethanol and biofuel production, expanding its portfolio of starch agro products.

Revita Starch is registered in Maharashtra, India, with a mandate to engage in various maize-related activities, including refining and consulting services. The transaction was completed through a cash subscription for 150,000 shares at a face value of Rs. 10 each, ensuring TBI Corn holds 100% equity in the subsidiary. Investors should watch closely for developments, as this strategic incorporation could enhance future growth prospects and operational synergies.