Jubilant Ingrevia incorporates pesticide subsidiary

Date:06-07-2021

Jubilant Ingrevia Limited incorporated a wholly-owned subsidiary company called Jubilant Crop Protection Limited on June 2, 2021 focused on manufacturing of pesticides/plant protection products. 

Jubilant Crop Protection Limited will focus on manufacturing of pesticides/plant protection products including but not limited to insecticides, fungicides, herbicides, biocides, bio-pesticides in the form of actives, bulk and small pack formulations. 

Jubilant Crop Protection Limited has an authorised capital of Rs. 25 crore and paid-up capital of Rs. 1,00,000. The company has subscribed 10,000 equity shares of Rs. 10 each aggregating to Rs. 1,00,000. Promoters or Promoter Group are interested in the entity to the extent of their shareholding in the company. 

The company wants to leverage on its capabilities and global leadership position in Pyridine, Picoline and Diketene chemistries that are completely backward integrated and other advanced chemistry engagements under progress. With this approach, the company wishes to capture the complete value chain in the field of pesticides/plant protection chemicals.