New Launch26 Feb 2026, 02:40 pm
Dhampur Bio Organics Ltd to Incorporate Wholly Owned Subsidiary in UAE with Initial Investment of USD 2 Million
AI Summary
Dhampur Bio Organics Ltd announced at its board meeting on February 26, 2026, the intention to incorporate a Wholly Owned Subsidiary in the United Arab Emirates (UAE). The company will invest an initial amount of AED 73,45,000 (USD 2 Million) in the proposed subsidiary. The decision is in compliance with governmental and regulatory approvals, including the Foreign Exchange Management Rules, Regulations and Directions issued by the Reserve Bank of India, the Companies Act, 2013 and other applicable laws.
Key Highlights
- Dhampur Bio Organics Ltd to incorporate a Wholly Owned Subsidiary in UAE
- Initial investment of AED 73,45,000 (USD 2 Million) in the proposed subsidiary
- Compliance with governmental and regulatory approvals
- Incorporation in line with the Foreign Exchange Management Rules, Regulations and Directions issued by the Reserve Bank of India
- Adherence to the Companies Act, 2013 and other applicable laws