Mumbai, June 13 -- Jyoti Social Welfare Foundation has been established under Section 8 as a not-for-profit company. Its activities include education and coaching, healthcare and medical research, environmental and management training, CSR activities, and rural and agricultural development.

The subsidiary has been set up with an initial paid-up and authorized share capital of Rs 1 lakh, with Jyoti Resins & Adhesives holding 100% equity ownership in the entity. While the foundation's operations are yet to commence.

Jyoti Resins and Adhesives is in the business of manufacturing high-grade synthetic wood adhesives with its EURO7000 brand. The company has a huge plant with the capacity of 2000 tons/month.

The company's standalone net profi...