LEAP India Invests ₹2.04 Cr in Saudi Subsidiary

Date: September 28, 2026

The Company made a further investment by way of subscription to the equity share capital of its wholly owned foreign subsidiary, LEAP Gulf Company, incorporated in the Kingdom of Saudi Arabia.

Nature of Entity: LEAP Gulf Company is a wholly owned foreign subsidiary incorporated in Riyadh, Kingdom of Saudi Arabia (National number: 7052813669).
Business Activities: Manufacturing wooden containers, manufacturing plastic products, repair of equipment, rental of machinery, equipment and tangible goods.
Investment Details: Subscription to 7,850 equity shares of 100 Saudi Riyal each for a total consideration of 785,000 Saudi Riyal.
Currency Conversion: Based on remittance exchange rate of 1 Saudi Riyal = INR 26, equivalent to INR 2,04,10,000/- (Rupees Two Crore Four Lakh Ten Thousand Only).
Payment Method: Cash consideration.
Shareholding Impact: The Company will continue to hold 100% of the equity share capital of LEAP Gulf after this investment.
Strategic Rationale: The investment supports LEAP Gulf in undertaking and expanding its business activities in the Kingdom of Saudi Arabia, aligning with the Company's business objectives and overseas expansion plans.
Incorporation Details: LEAP Gulf was incorporated on December 03, 2025, as a Limited Liability Company under the Companies Law issued by Royal Decree No (M/132) dated 30/06/2022.
Related Party Status: LEAP Gulf is a related party as it is a wholly owned subsidiary. The transaction was undertaken on an arm's-length basis with necessary approvals obtained.
Financial History: Not applicable as it is a newly incorporated company with no turnover history.