Ester Industries to establish wholly owned U.S. subsidiary

Ester Industries Ltd. announced on September 12, 2025, that its board of directors approved the incorporation of a wholly owned subsidiary (WOS) in the United States. This strategic expansion aims to bolster the company's global footprint, focusing on marketing, supporting overseas customers, exploring new business opportunities, and undertaking value-addition manufacturing and other permissible business activities. The new WOS will operate in the manufacturing and trading industry.

The initial capital for the WOS will be in cash, with an investment not exceeding $1,500,000. All necessary governmental, regulatory, and statutory approvals from both Indian and U.S. authorities will be sought. The company anticipates providing further updates once the WOS is officially incorporated and relevant approvals are secured.