India Pesticides Limited announced that at its board meeting held on November 6, 2023, the board has approved the proposal for incorporation of a new subsidiary company of India Pesticides Limited. Name of the Proposed subsidiary, details in brief such as size, turnover etc: Amona Specialities Limited or such other name as may be approved by the statutory authorities. Industry: Pesticides and agro-chemicals.

Incorporation is expected to be completed within the next month. The initial share capital will be paid by way of cash consideration.