Manorama Industries Limited has confirmed the incorporation of its Wholly Owned Subsidiary (WOS), “TAANG KAAM INDUSTRIES SA,” in Burkina Faso on Friday, January 16, 2026. This strategic move is designed to facilitate the buying, processing, and selling of shea nuts/butter and mango kernels/butter. The initial paid-up capital is CFA 10,000,000, with a total approved capital infusion ceiling of CFA 1,60,00,00,000.
Establishment of International Subsidiary
Manorama Industries Limited announced the successful incorporation of its new Wholly Owned Subsidiary (WOS) in Burkina Faso. The new entity, named “TAANG KAAM INDUSTRIES SA,” officially commenced operations on Friday, January 16, 2026. The Certificate of Incorporation was officially received by the company on Tuesday, February 10, 2026.
Strategic Objectives and Operations
The primary objective of the newly incorporated WOS is centered around securing raw materials vital to Manorama’s core business: the buying, processing, and selling of shea nuts/butter, mango kernels/butter, and other related raw materials. This move is essential for integrating the supply chain for these key inputs.
Capital Structure and Investment Details
The incorporation involved a 100% subscription to the initial paid-up capital in cash. The initial investment cost was CFA 10,000,000 (CFA One Crore only). The Board has approved a ceiling for future capital infusion up to CFA 1,60,00,00,000, which will be infused subsequently based on business requirements across one or more tranches.
- Authorised & Paid-up Capital: CFA 10,000,000
- Shareholding Acquired: 100% subscribed by Manorama Industries Limited.
Related Party Disclosure
As the incorporated entity is a Wholly Owned Subsidiary, it is considered a related party of Manorama Industries Limited. The company confirmed that save for the capital subscription, the Promoter/Promoter Group has no other interest in this specific transaction. Furthermore, any future transactions with the WOS will strictly adhere to arm’s length principles.
Entity Background
The subsidiary is a newly incorporated company; therefore, information regarding its history of the last three years’ turnover is Not Applicable. The incorporation process was completed entirely in accordance with the applicable laws of Burkina Faso.
Source: BSE
