Jay Ambe Supermarkets Limited has completed its investment in City Square Global LLC, its US-based subsidiary. The company remitted USD 5100 as subscription money on November 11, 2026, which was subscribed at the time of the subsidiary's incorporation on June 08, 2026.

Investment Details

  • Investment Amount: USD 5100 (approximately ₹4,80,624 based on exchange rate USD 1 = INR 94.24)
  • Ownership Percentage: 51% membership/percentage interest in City Square Global LLC
  • Voting Rights: 51% voting rights as per Operating Agreement dated June 08, 2026
  • Total Capital Structure: USD 10,000 aggregate capital contribution from all members

Subsidiary Information

  • Entity Name: City Square Global LLC
  • Formation Date: June 08, 2026 (Certificate of Amendment filed on July 01, 2026)
  • Identification Number: 0451477520 (New Jersey Department of Treasury)
  • Business Activity: 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
  • Financial Status: Newly formed entity with no turnover or financial statements available

Ownership Structure

  • Jay Ambe Supermarkets Limited: 51% membership interest
  • Jignesh Amratbhai Patel (Managing Director and Promoter): 29% membership interest in individual capacity
  • Shital B Patel (Promoter Group member): 20% membership interest in individual capacity
  • Total Promoter Holding: 49% aggregate

Transaction Details

  • Transaction Type: Cash consideration
  • Completion Date: November 11, 2026
  • Regulatory Approvals: Not applicable
  • Related Party Status: Not considered related party transaction as subsidiary was formed by the company
  • Arm's Length Basis: Confirmed as transaction executed on arm's length basis

Business Impact and Objectives

  • Strategic Purpose: Establish company presence in international markets, particularly North America, and expand sourcing and distribution network
  • Business Alignment: Complementary to company's existing main line of business
  • Financial Impact: Considered immaterial to company's financial position and operations
  • Long-term Expectation: Expected to enable overseas market expansion over long term