Jai Balaji Industries Limited announced that the Company has incorporated a Subsidiary Company named KESARISUTA INDUSTRIES UGANDA Limited, in Uganda. Industry to which the entity being acquired belongs: Iron and Steel Industry, Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity: Selling of products like ductile iron pipes and others, Percentage of shareholding/control acquired and/or number of shares acquired: 99%.