1. Company has incorporated an wholly owned subsidiary (WOS) Company namely; Italica Global FZC, a Free Zone Company in Ajman Free Zone, United Arab Emirates and it is likely to commence business very shortly.
2. Company's Subsidiary namely; Sah Polymers, has received a Letter of Intent from Indian Oil Corporation for appointment as DSA cum CS (Direct Selling agent cum Consignment Stockiest) for their polymer business, location at Udaipur, Rajasthan.