K I C Metaliks Limited informed that the company has incorporated a Wholly Owned Subsidiary Company in the name and style of KIC Minerals Private limited in the state of West Bengal on November 15, 2019. Authorized Share Capital: INR 10,000,000. Industry to which the entity being acquired belongs: Mining.

The Promoter and Promoter Group have no interest in the above entity except Mr. Radhey Shyam Jalan, Chairman and Managing Director of the Holding Company as appointed as Director in KIC Minerals Private Limited.