Date: September 24, 2026
Investment / Strategic Actions
Amir Chand Jagdish Kumar (Exports) Limited has made an investment in its wholly-owned subsidiary, Amir Chand Trading Company, Saudi Arabia. The key details of this strategic action are:
- Target Entity: Amir Chand Trading Company, Saudi Arabia
- Nature of Entity: Newly formed wholly-owned subsidiary with nil turnover as it has not commenced operations
- Industry: Rice and Fast-Moving Consumer Goods (FMCG) industry
- Investment Purpose: To establish the company's direct presence in the Saudi market and commence business in Saudi Arabia
- Investment Amount: USD 26,630 equivalent to SAR 1,00,000 (approximately ₹25,53,817.00 at exchange rate of ₹95.90/USD)
- Investment Form: Cash subscription to equity share capital
- Shareholding Acquired: 100% ownership (100 shares of SAR 1000 each)
- Completion Date: September 24, 2026
- Related Party Transaction: Yes, as it is a wholly owned subsidiary. The promoter/promoter group have no interest other than through the company
- Regulatory Approvals: Commercial Registration and Investment Registration Certificate issued in Saudi Arabia, and compliance with Foreign Exchange Management (Overseas Investment) Directions, 2022 issued by the Reserve Bank of India
Business Operations of Subsidiary
The subsidiary Amir Chand Trading Company, Saudi Arabia is incorporated in the Kingdom of Saudi Arabia for carrying out the business of trading and distribution of Rice and Fast-Moving Consumer Goods (FMCG), including import, export and related commercial activities in the Saudi Arabian market.
No material disclosures under the following sections:
- KMP / Board / Auditor Changes
- Dividend Declaration or Non-Declaration
- Board Meeting Outcomes
- Financial Results
- Auditor's Report
- Media Release / Investor Communication