Laurus Labs Limited informed that the Wholly-owned Subsidiary of the Company i.e. M/s. Laurus Synthesis Private Limited has incorporated a Wholly-Owned Subsidiary under name and style of M/s. LAURUS INGREDIENTS PRIVATE LIMITED with effect from January 09, 2021 for undertaking Ingredients Business and also for setting up Greenfield projects for new Synthesis Business. The new entity i.e. Laurus Ingredients Private Limited shall be a stepdown subsidiary for Laurus Labs Limited.