Key Details of Subsidiary Incorporation
Subsidiary Information:
- Name: Bondada International FZ-LLC
- Location: Ras Al Khaimah Economic Zone (RAKEZ), United Arab Emirates (UAE)
- Ownership: 100% wholly owned subsidiary of Bondada Engineering Limited
- Industry Classification: Energy/Renewable Energy/Battery Energy Storage System (BESS)/Telecom/Power Infrastructure
Investment Details:
- Subscription to 20 equity shares with face value of AED 1,000 each
- Total investment: AED 20,000
- Consideration: Cash consideration/subscription to equity share capital
- Percentage of shareholding acquired: 100% of paid-up equity share capital
Regulatory Status:
- All required regulatory/governmental approvals have been obtained
- Not a related party transaction
- Indicative completion: Not Applicable (already incorporated)
Strategic Purpose:
The incorporation serves as a strategic initiative for the Company's international expansion plans. Bondada International FZ-LLC will function as:
- A dedicated overseas holding structure for the Group's international business operations
- A structured platform for pursuing international business opportunities
- A vehicle for expanding the Group's global presence across key business verticals including renewable energy, Battery Energy Storage Systems (BESS), telecom, energy and power infrastructure
- A platform for exploring new markets and building strategic partnerships beyond India
Filing Details:
- Filed with Bombay Stock Exchange and National Stock Exchange of India
- Signed by Dr. Sonia Bidlan, Company Secretary & Compliance Officer (Membership No.: A37766)
- Includes requisite disclosures as prescribed under Regulation 30 of SEBI LODR Regulations in Annexure-A
- Reference: SEBI master circular for compliance circular no. HO/49/14/14(7)-CFD-POD2/1/3762/2026 dated 11th July 2023