Integrated Proteins Incorporates US Subsidiary TERRANEXA AGTECH INC

Integrated Proteins Limited has incorporated a wholly owned subsidiary, TERRANEXA AGTECH INC, in New Jersey, USA. The subsidiary has an authorized and paid-up share capital of $1,000 USD (approximately ₹95,000). Its primary object is to engage in agricultural technology services and other lawful activities. This move is intended to leverage new growth opportunities in the US markets. The incorporation required approvals from the Reserve Bank of India and US regulatory authorities. The cost of acquisition per share is at face value of $1.