ANG Lifesciences India has informed that the Company's Board of Directors in their meeting held on 08.11.2021, had decided to invest in the Equity Shares and Redeemable Cumulative Preference Shares of Baddi Agro. Consequent to the acquisition of 51% Equity stake by the Company, Baddi Agro will become the Subsidiary Company of ANG Lifesciences India. Baddi Agro has manufacturing unit situated at Baddi Himachal Pradesh (formerly known as Surya Pharmaceutical) which is laced with latest machinery and located proximate to Mentha Leaf cultivation area. The details required under regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 are given as an Annexure -A.
The above information is a part of company’s filings submitted to BSE.