The Board of Ami Organics has approved the incorporation of the wholly owned subsidiary company with the proposed name Baba Semiconductor Materials Limited or any other name as may be available and approved by the Central Registration Centre, Ministry of Corporate Affairs.

The Board also approved to subscribe to the equity shares of face value of Rs. 10/- each amounting to Rs. 1 lakh only, in the proposed wholly owned subsidiary company.

Other relevant disclosure in respect of the wholly owned subsidiary company shall be provided upon incorporation of the wholly owned subsidiary company.