Key Details
Event Summary
The Board of Directors of Shree Global FZE, UAE (Wholly Owned Subsidiary of Shree Cement Limited) approved the incorporation of a new wholly owned subsidiary in the People's Republic of China at its meeting held on 14th October 2026.
Subsidiary Details
- Name: Shree International Trading (Shanghai) Limited (under incorporation)
- Country of Incorporation: China
- Industry: Import, Export and Trading of Goods
- Business Scope: Engaging in import, export and trading of machinery, equipment, industrial products, environmental protection equipment, and other allied products and services
Ownership Structure
The new company will be incorporated as a Wholly Owned Subsidiary of Shree Global FZE. Shree Cement Limited, as the holding company of Shree Global FZE, will indirectly hold 100% equity share capital of the proposed Chinese subsidiary.
Financial Details
- Consideration Type: 100% cash subscription to initial paid-up share capital
- Authorized Capital: RMB 5,000,000
- Percentage Holding: Shree Cement Limited will indirectly hold 100% equity
Regulatory Approvals
No governmental or regulatory approvals are required for the incorporation.
Timeline
The intimation was received by Shree Cement Limited from Shree Global FZE on 14th October 2026, the same date as the board meeting.