Date: 30/10/2026
Disinvestment / Strategic Actions
Ginni Filaments Limited has incorporated a new wholly owned subsidiary in the Republic of South Africa named Ginni RSA (Pty) Ltd. The certificate of registration was received on October 30, 2026.
Key Details of the Subsidiary:
- Name: Ginni RSA (Pty) Ltd
- Country of Incorporation: Republic of South Africa
- Date of Incorporation: 30th October 2026
- Line of Business: Manufacturing, Converting, Trading, Marketing, Distribution, and Sale of Wet Wipes
- Capital Structure: Authorized Share Capital of ZAR 1000 (1000 Shares of ZAR 1 each) with a Paid-Up Share Capital of ZAR 1000
- Ownership: 100% equity ownership held by Ginni Filaments Limited
- Consideration: Cash consideration
- Turnover History: Not applicable as it is a newly incorporated entity
Strategic Rationale:
The subsidiary was incorporated to serve as an international arm for trading, marketing, and local distribution of wet wipes.
Regulatory Aspects:
- The acquisition constitutes a related party transaction as it is a wholly owned subsidiary of the Company
- The promoters/promoter group/group companies have no direct interest in the entity except through their shareholding in Ginni Filaments Limited
- No governmental or regulatory approvals were required for this acquisition
- The transaction was completed upon registration with the Companies and Intellectual Property Commission (CIPC), South Africa
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results (Standalone & Consolidated)
Not Specified