Skipper Limited has incorporated a wholly owned subsidiary (WOS) company named Skipper Transmission And Distribution - L.L.C - S.P.C in Abu Dhabi. This intimation is made pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, and is a continuation of a previous letter dated 31st July, 2025.
Details of the Subsidiary
- Name: Skipper Transmission And Distribution - L.L.C - S.P.C
- Country of Incorporation: Abu Dhabi
- Date of Incorporation: 22nd May, 2026
- Date of receiving Business registration extract: 2nd June, 2026
- Share Capital: AED 100,000 (One Hundred Thousand Dirhams)
- Shareholding: 100% acquired by Skipper Limited (100 shares)
- Turnover: Not applicable as it is a newly incorporated entity
Business Objectives
The subsidiary is incorporated with the following wholesale trading objectives:
- Trading of telecommunication equipment
- Wholesale trading in alternative energy equipment and accessories
- Trading in electric generators and their supplies
Strategic Rationale and Impact
The establishment of this wholly owned subsidiary is part of the Company's long-term strategy to expand its operations beyond India and to create a dedicated platform for trading and marketing of its products in the global marketplace. The business of the subsidiary is not outside the main line of business of Skipper Limited.
Transaction Details
- Consideration: The company has invested funds by subscribing to shares of the newly incorporated overseas company.
- Cost of Acquisition: AED 100,000 for 100 shares, representing a 100% stake.
- Nature of Transaction: This constitutes a related party transaction as it is a wholly owned subsidiary of Skipper Limited.