Rossari Biotech Limited announced that at the board meeting held on April 06, 2024 approved incorporation of a wholly owned subsidiary in Dubai, United Arab Emirates in Dubai Multi Commodities Centre with an estimate aggregate Capital outlay of over AED 0.40 million in tranches (approximately INR 9.08 Million). Name of the Proposed Company is Rossari Global DMCC or such other name as may be approved by the respective authority. The necessary update will be given once the Wholly Owned Subsidiary is incorporated.

The Company will hold 100% of the total equity share capital.