The board of directors of Kkalpana Industries (India) Ltd on Monday considered and approved a plan to incorporate a wholly-owned subsidiary, Kkalpana Plastic Reprocess Industries Middleeast FZE, in Sharjah’s Hamriyah Free Zone.
The company will invest AED 1,75,000 (approximately ₹34 lakh) in the share capital of Kkalpana Plastic Reprocess and also bear its pre-incorporation expenses. Shareholders of Kkalpana Industries will closely monitor further developments.