Sayaji Industries Limited announced the formation of a subsidiary in Sharjah Airport International Free Zone, United Arab Emirates, in the name of "Sayaji Industries (FZC)". In continuation of that, hereby now inform that the company has made an investment of AED 149,800 divided into 1,498 shares of AED 100 each in the subsidiary on July 18, 2023. Sayaji Industries (FZC) has yet to commence its business operations.