Manaksia Industries Limited at its Board of Directors meeting held on November 14, 2017, approved setting up of Wholly Owned Subsidiary Company in India viz M/s BKM Agrotech Private Limited for carrying out processing/trading/buy/sell/import/export etc. of agro- commodities in domestic as well as international markets and other related activities and authorized to make investment either by way of equity shares and/or preference shares and/or convertible debt instruments or by any other means or provide loan to the Company as may be required from time to time which may extend upto sum of INR 200 million in aggregate or such other amount as may be approved by the Board of Directors in due course. The company also approved setting up of step down Subsidiary Company in Tanzania viz M/s BKM Tanzania Limited through its wholly owned Subsidiary Company viz Euroasian Ventures FZE for carrying out processing/trading/buy/sell/import/export etc. of agro- commodities and other related activities and authorized to make directly or indirectly an investment either by way of equity shares and/or preference shares and/or convertible debt instruments or by any other means or provide loan to the Company« as may be required from time to time for the aforesaid purpose« which may extend upto sum of USC 3.00 million in aggregate or such other amount as may be approved by the Board of Directors in due course.