Vinati Organics incorporates a wholly owned subsidiary in the USA

Vinati Organics (BSE: 524200) has announced the incorporation of a wholly-owned subsidiary, Vinati Organics USA INC, in the State of Delaware. The move, effective February 13, 2025, is aimed at facilitating the processing, distribution, and sale of chemical solutions and related products within the U.S., including potential manufacturing and sales of Vinati Organics Ltd. products. The authorized share capital of the new entity is $500,000, consisting of 5,000 shares with a par value of $100 each. Vinati Organics subscribed to 10 shares for $1000. The incorporation complies with all relevant regulatory provisions and will enable the company to explore further opportunities in the U.S. market, expanding beyond its current operations. Vinati Organics confirmed the transaction is a related-party transaction, but without interest other than its 100% ownership.