Jay Ambe Supermarkets Limited has incorporated a wholly-owned subsidiary company, Kilo Kulture Private Limited (Corporate Identity Number: U47820GJ2026PTC179126), on January 15, 2026. The confirmation email regarding the incorporation was received on June 16, 2026.
Subsidiary Details
- Name: Kilo Kulture Private Limited (Private limited by shares)
- Date of Incorporation: June 15, 2026 (as per Certificate of Incorporation)
- Authorised Capital: ₹10,00,000 divided into 1,00,000 Equity Shares of ₹10 each
- Paid Up Capital: ₹1,00,000 divided into 10,000 Equity Shares of ₹10 each
- Industry: Textile industry
- Business Operations: Not yet commenced (newly incorporated entity)
- Size/Turnover: Nil
Acquisition Details
- Cost of Acquisition: ₹1,00,000 (subscription money)
- Price per Share: ₹10 per share
- Percentage Acquired: 100% shareholding (10,000 equity shares)
- Acquisition Method: 9,999 equity shares acquired through authorized representative Mr. Rutwijkumar Maganbhai Patel (Director), and 1 equity share acquired through nominee Mr. Jignesh Amratbhai Patel (Managing Director) on behalf of Jay Ambe Supermarkets Limited
Business Objectives
The subsidiary will carry on the business of:
- Trading of readymade garments, hosiery goods, and clothing accessories
- Grocery, home textile, home decor, clothes/apparels, toys, gift articles, footwear, and other household items
- Retail sales via stalls, markets of textiles, supermarkets, and related activities
Related Party Transaction
Not applicable. The disclosure confirms that the acquisition does not fall within related party transactions, and promoters/promoter group/group companies have no interest in the acquired entity.