Mauritius arm incorporates step-down wholly owned subsidiary in Brazil

Best Agrolife Global, Mauritius — a wholly owned subsidiary — has incorporated a new step-down wholly owned subsidiary in Brazil, Best Agrolife Do Brazil LTDA.

Wed 7 Oct 2026

Authorised capital

R$ 50000 divided into 50000 shares of R$ 1.00 each

Initial subscription

R$ 10000, by way of cash consideration

Ownership

100% held through Best Agrolife Global, Mauritius

The company informed the exchanges that Best Agrolife Global, Mauritius, its wholly owned subsidiary, has incorporated a new step-down wholly owned subsidiary in Brazil named Best Agrolife Do Brazil LTDA.

Structure and ownership

• Best Agrolife Do Brazil LTDA is promoted by Best Agrolife Global, Mauritius, a wholly owned subsidiary of the company, and is therefore a related party of the company.
• 100% of the new entity is held through Best Agrolife Global, Mauritius.
• The initial subscription towards the share capital of the new step-down subsidiary is being made by Best Agrolife Global, Mauritius. The company is not a direct party to that subscription.

Capital and consideration

• Authorised capital of the new entity is R$ 50000 (fifty thousand Brazilian reais), divided into 50000 shares with a nominal value of R$ 1.00 each.
• Initial subscription to the new wholly owned subsidiary is R$ 10000 (ten thousand Brazilian reais).
• Nature of consideration: cash consideration.

What the new entity is intended to do

• Sale, purchase and development of agrochemicals, agriculture products and fertilizers, and creation of intellectual property.
• The business of the new step-down subsidiary is in line with the main line of business of the company.
• Best Agrolife Do Brazil LTDA has been incorporated in Brazil as a limited liability company (Ltda.) and is yet to commence business operations.

Timeline noted in the disclosure

• The incorporation of the step-down subsidiary was completed on June 30, 2026.
• There was a delay in receipt of the relevant information and incorporation documents from the overseas consultant due to unavoidable circumstances at the consultant's end.
• The company states it is making the disclosure promptly upon receipt and verification of the relevant information and documents.

How to read this

• This is an intimation of a corporate structure step: a new overseas step-down subsidiary created under the existing Mauritius wholly owned subsidiary, so the listed entity's holding is indirect.
• The figures disclosed are the authorised capital and the initial subscription of a newly incorporated entity that is yet to commence business operations.
• Because the new entity is promoted by the company's wholly owned subsidiary, it is a related party of the company, and the initial subscription is made by the Mauritius arm rather than by the company directly.

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