Indo Rama Synthetics (India) Limited informed that, the Ministry of Corporate Affairs has approved incorporation of following Wholly Owned Subsidiaries of the company on 17th December, 2022, namely: lndorama Sustainable Polymers (India) Private Limited and lndorama Sustainable Polyester Yarns Private Limited. Name: lndorama Sustainable Polymers (India) Private Limited. Proposed Authorized Capital: INR 1,000,000/.

Wholly Owned Subsidiary Company that is lndorama Sustainable Polymers (India) Private Limited shall carry out business to explore business operation of converting flakes into chips. Name: lndorama Sustainable Polyester Yarns Private Limited. Proposed Authorised Capital: INR 1,000,000/.

Wholly Owned Subsidiary Company that is lndorama Sustainable Polyester Yarns Private Limited shall carry out business to manufacture partially oriented yarns from Flakes Chips and also to explore manufacturing operation relating to Partially Oriented Yarn and fully drawn yarn throuQh its Polymerization line.