Gokaldas Exports Limited announced that the company has incorporated a Wholly Owned Subsidiary in the United States of America, to facilitate business expansion. Name of the target entity, details in brief such as size, turnover etc.: Name: Gokaldas Exports Corporation. Initial Investment: & Turnover: Not applicable since newly incorporated.

The new entity is a wholly owned subsidiary of Gokaldas Exports Limited. Hence, it will be a related party of the Company. Nature of consideration - whether cash consideration or share swap and details of the same: 100% subscription to the share capital in cash.

Percentage of shareholding /control acquired and /or number of shares Acquired: 100%.