Rossari Biotech Limited — Board Meeting, 30-11-2024: Outcome of Board Meeting

The Board of Directors has approved the incorporation of a wholly owned subsidiary in the Kingdom of Saudi Arabia, with an initial investment of up to approximately USD 2 million in tranches. This move is aimed at enhancing the company’s global presence. The new subsidiary, Rossari International Limited, will focus on trading and manufacturing activities in the chemicals and consumer products sector. The incorporation is expected to be completed by Q1FY26, pending regulatory approvals.