Vinati Organics Limited has announced an additional investment of ₹31,19,00,000 (Rupees Thirty One Crore Nineteen Lakh only) in its wholly-owned subsidiary, Veeral Organics Private Limited (VOPL).

The company subscribed to 3,11,90,000 fully paid-up equity shares of face value ₹10 each at par through a rights issue. VOPL, incorporated on October 5, 2020, operates in the Chemical Industry, manufacturing Organics Fine Specialty Chemicals, which aligns with the core business of Vinati Organics Limited.

The acquisition is considered a cash consideration and does not fall under related party transactions as VOPL is a wholly-owned subsidiary. The investment aims to further strengthen the subsidiary's operations, which reported a turnover of ₹10.55 Crore.