Joint Venture7 Mar 2026, 06:52 pm
Kabra Drugs Ltd. Approves Strategic Expansion in Indonesia & Changes Name to Aanjaay Industries Limited
AI Summary
Kabra Drugs Ltd. held a Board Meeting on 07th March 2026 and approved several key decisions. The company's name will be changed to Aanjaay Industries Limited following approval from the Ministry of Corporate Affairs. Additionally, the Board approved a strategic expansion of the company's business operations in Indonesia through a Joint Venture Agreement with PT. Bhinneka Dwi Persada Indonesia for defence technology development, engineering, manufacturing, and export of jointly developed defence systems.
Key Highlights
- Name change to Aanjaay Industries Limited
- Strategic expansion in Indonesia
- Joint Venture Agreement with PT. Bhinneka Dwi Persada Indonesia
- Collaboration in defence technology development and manufacturing
- Support for Make in India initiative and Bilateral Strategic Comprehensive Partnership between Indonesia and India