Manorama Industries Incorporates Wholly Owned Subsidiary in Chad to Expand Business
Manorama Industries Limited has expanded its international footprint by incorporating a wholly owned subsidiary (WOS) in the Republic of Chad. The new entity, named MANORAMA SAVANNAH AGRO CHAD SARL, was formally incorporated on July 20, 2026.The incorporation move is aimed at expanding the business operations of Manorama Industries Limited across the African market. The WOS operates within the Food and Cosmetic Industry (Trading).
Details regarding the new subsidiary and the transaction are as follows:
| Particulars | Details |
|---|---|
| Name of Entity | MANORAMA SAVANNAH AGRO CHAD SARL |
| Date of Incorporation | July 20, 2026 |
| Industry | Food & Cosmetic Industry (Trading) |
| Authorized Capital | CFA 10,000,000 |
| Paid-up Capital | CFA 10,000,000 |
The incorporation process was completed in accordance with the laws applicable in the Republic of Chad. The transaction involved the company acquiring a 100% stake in the new entity through subscription to initial paid-up capital in cash.
Manorama Industries Limited holds complete ownership of MANORAMA SAVANNAH AGRO CHAD SARL, which is structured as a wholly owned subsidiary and therefore constitutes a related party to the parent company. The cost of acquisition for this 100% stake was CFA 10,000,000.
MANORAMA Stock Price Movement
Manorama Industries Limited shares edged higher today, settling at ₹1608.6 after gaining 0.37% in post-market trading. The stock traded within a narrow intraday range of ₹1600.5 and ₹1620.9, with a total volume of 50,167 shares recorded for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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