Shubhshree Biofuels Energy Limited — Board Meeting, 02-12-2024: Outcome of Board Meeting

The Board of Directors has approved the establishment of one wholly owned subsidiary in Rajasthan and one subsidiary each in Madhya Pradesh and Chhattisgarh. Each subsidiary will have an authorized capital of ₹1,00,000 divided into 10,000 equity shares of ₹10 each. These expansions aim to enhance the company's operational capabilities and profitability. Approval from the Ministry of Corporate Affairs is required for incorporation, and the process will be initiated accordingly. The proposed companies will operate in the biomass manufacturing sector, aligning with the main business activities of Shubhshree Biofuels Energy Limited.