Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tokyo Plast International has informed that the Board of Directors at their meeting held today, have approved the establishment of a new factory on its owned premises for its wholly owned subsidiary (OWS), Pinnacle Drinkware, factory will be located at New B/s No.892/2, Chanvai, Valsad Sugar Factory Colony, Parnera, Valsad, Gujrat- 396007. The setting up of the wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space and will help the Company in becoming more agile and customer focused.
The above information is a part of company’s filings submitted to BSE.