Pacific Industries has announced on Thursday that it will set up a Wholly Owned Subsidiary (WOS) in the State of Delaware, U.S.A.
The Infrastructure company stated in its BSE regulatory filing, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform you that the Board of Directors of the Company be and is hereby accorded to incorporate a Wholly Owned Subsidiary in State of Delaware, U.S.A in the Name of TAANJ QUARTZ INC. or TAANJ SURFACES INC or such other name as may be approved by the concerned Registry / statutory authority(ies).”
Pacific Industries Ltd was established in the year 1989 as a 100% export oriented unit by industrialist Mr. J.P. Agrawal. It has today become one of the leading quarry owners and processors of natural stones like slabs, tiles, with presence in over 40 countries. It currently has two processing units each at Bangalore and Udaipur.