Kesar India Limited announced that it has incorporated a Wholly Owned Subsidiary of the Company in Dubai, United Arab Emirates by the name Kesar Middle East - FZCO. The said subsidiary was incorporated on December 18, 2023, comprehensive details of which were received by the Company on December 18, 2023. Share Capital: AED 100,000 Divided into 100 shares of AED 1,000 each.

The main objects as per Memorandum of Association for which the FZCO is established are: To carry on all such business within the area of in the IFZA Dubai in the Free Zone as the Dubai Silicon Oasis Authority (the Authority) may permit under the terms of the License issued in respect of the FZCO. To carry on any other trade or business which can, in the opinion of the board of Directors, and subject to the Authority's approval, be advantageously carried on by the FZCO in connection with or as ancillary to any of the above business or the general business of the FZCO. The object of incorporation of this subsidiary is to expand the company?s business in middle east.