Key Event Details
The company received intimation on August 24, 2026, from its subsidiary LEAP MENA Holdings Limited that it has incorporated a wholly owned subsidiary named "LEAP Pallet Pooling Trading L.L.C" in Dubai, United Arab Emirates. The incorporation became effective on August 21, 2026.
Subsidiary Information
- Name: LEAP Pallet Pooling Trading L.L.C
- Location: Dubai, United Arab Emirates
- Industry: General Trading Industry
- Incorporation Date: August 21, 2026
- Status: Newly incorporated company (no historical turnover)
Ownership Structure
LEAP MENA Holdings Limited (a subsidiary of LEAP India Limited) holds 100% of the paid-up share capital of LEAP Pallet Pooling Trading L.L.C, making it a step-down subsidiary of LEAP India Limited.
Investment Details
- Investment Type: Cash subscription
- Investment Amount: AED 2,000,000 (representing 100% of the share capital)
- Investor: LEAP MENA Holdings Limited
Transaction Nature
The investment qualifies as a related party transaction since LEAP MENA is a subsidiary of LEAP India Limited. However, the company confirms that the transaction is being conducted at arm's length. The promoters/promoter group/group companies have no interest in this transaction beyond what is disclosed.
Business Purpose
The object of incorporation is for providing asset pooling and general trading services to clients in the UAE market.
Regulatory Approvals
The Commercial License has been issued by the Dubai Department of Economy and Tourism.
Financial Impact
The disclosure does not quantify the financial impact on LEAP India Limited's consolidated financials. The investment of AED 2,000,000 is made by LEAP MENA Holdings Limited.