Ami Organics Limited announced that "BABA Advance Materials Limited" a Wholly Owned Subsidiary Company of Ami Organics Limited has been incorporated on September 13, 2023 under the provisions of Companies Act, 2013. Baba Advance Materials -- Limited on commencement of its business shall belong to Chemicals & Specialty Chemicals Industry. Baba Advance Materials Limited is incorporated with the main object as manufacturing of organic and inorganic chemicals including speciality chemicals products and other allied business.

The same is in line with the business of the Listed Entity. Baba Advance Materials Limited is incorporated as Public Limited Company under the Companies Act, 2013 and registered with the Registrar of Companies, Gujarat at Ahmedabad -- on September 13, 2023 as a Wholly Owned Subsidiary of Ami Organics Limited and is yet to commence its business operations.