Jay Ambe Supermarkets Limited has formed City Square Global LLC, a domestic limited liability company under the laws of the State of New Jersey, United States of America, along with two other members. The Certificate of Formation was filed on June 08, 2026 with the New Jersey Department of the Treasury, Division of Revenue and Enterprise Services, and was assigned Identification Number 0451477520. The Certificate of Formation was subsequently amended on July 01, 2026 (Validation Number 4326280510) to record the name of the member as "Jay Ambe Supermarkets Limited".

Key Details of the Subsidiary

  • Name: City Square Global LLC
  • Legal Structure: Domestic limited liability company
  • Identification Number: 0451477520
  • Capital Structure: No share capital (LLC structure)
  • Aggregate Capital Contribution: USD 10,000 from all members
  • Company's Contribution: USD 5,100 (51% membership/percentage interest)
  • Formation Date: June 08, 2026
  • Business Status: Newly formed, yet to commence operations
  • Line of Business: Wholesale import, export, trading and distribution of general consumer goods including household goods, apparel, FMCG products, consumer electronics, luggage and bed, bath and home linen

Transaction Details

  • Completion Date: June 08, 2026
  • Consideration: Cash consideration of USD 5,100
  • Payment Deadline: On or before December 31, 2026 (as per Operating Agreement clause III(1))
  • Voting Rights: 51% voting rights (as per Operating Agreement clause II(5))
  • Related Party Status: Not a related party transaction as the entity was not a related party prior to formation
  • Arm's Length Basis: Confirmed as arm's length transaction

Business Rationale and Impact

  • Objects: To establish the company's presence in international markets, particularly North America, and carry on business of import, export, trading, and distribution of consumer goods
  • Business Alignment: The subsidiary's business is in line with and complementary to the company's main line of business
  • Financial Impact: The capital contribution of USD 5,100 is not material in relation to the company's size and has no material impact on current financial position or operations
  • Long-term Expectation: Expected to enable expansion of sourcing and distribution network in overseas markets over the long term

Other Members

Two other members hold 49% membership/percentage interest aggregately (20% each in individual capacity)

Additional Information

  • No governmental or regulatory approvals required for the acquisition
  • No financial statements available as the entity is newly formed
  • No turnover history as operations haven't commenced