Key Event Details

The company received a Certificate of Formation from the Dubai Integrated Economic Zones Authority (DIEZA) for a Wholly Owned Subsidiary (WOS) named VALENCIA NUTRITION GULF TRADING - FZCO. The certificate was received on September 11, 2026. The subsidiary is located at Dubai Silicon Oasis, Dubai, in the United Arab Emirates (UAE).

The company holds 100% of the issued share capital of this entity, making it a Wholly Owned Subsidiary.

Details from Annexure A

1. Target Entity Details

  • Name: VALENCIA NUTRITION GULF TRADING - FZCO
  • Registration No.: 85771
  • Authorised Share Capital: AED 1,00,000, divided into 10,000 ordinary shares of AED 10 each.
  • Issued and Paid-up Share Capital: AED 1,00,000, divided into 10,000 ordinary shares of AED 10 each.
  • Turnover: Not Applicable, as the entity is newly incorporated.

2. Related Party Transaction

VALENCIA NUTRITION GULF TRADING - FZCO, being a Wholly Owned Subsidiary, qualifies as a Related Party under Section 2(76) of the Companies Act, 2013. Valencia Nutrition Limited holds 100% of the issued capital (10,000 ordinary shares). No other promoter, promoter group member, or group company holds any direct interest.

3. Industry

The acquired entity belongs to the Food & Beverage / FMCG Trading Industry.

4. Appointed Officers, Personnel & Governing Framework

  • Governing Framework: Dubai Integrated Economic Zones Authority (DIEZA) Regulations 2023.
  • Financial Year End: December 31
  • Management:
  • Mr. Manish Pravinchandra Turakhia (DIN: 02265579, Passport No.: U9264891) is the Authorised Attorney, Manager, and Secretary.
  • Additional Managers: Mr. Darshan Chandresh Vagrecha and Mr. Shahid Kummoth Valappil (as per Board Resolution).

5. Objects and Impact of Acquisition

The objects of the newly incorporated WOS are to carry on business in:

1. Snack Food Trading: Trading, importing, exporting, buying, selling, distributing, marketing, and dealing in snack foods, packaged foods, confectionery, and allied food products within the UAE and internationally.

2. Bottled Water Trading: Trading, importing, exporting, buying, selling, distributing, marketing, storing, and dealing in packaged and bottled drinking water and allied water products within the UAE and internationally.

3. Soft Drinks & Carbonated Water Trading: Trading, importing, exporting, buying, selling, distributing, marketing, storing, and dealing in soft drinks, carbonated water, aerated beverages, and allied beverage products within the UAE and internationally.

4. Juice Trading: Trading, importing, exporting, buying, selling, distributing, marketing, storing, and dealing in fruit juices, juice concentrates, juice-based beverages, and allied products within the UAE and internationally.

5. General and Incidental Objects: To do all things necessary or conducive to attaining the above objects, including entering into contracts with vendors, third parties, and group companies; and obtaining all necessary approvals, licenses, and permits from UAE federal and Dubai authorities.

The incorporation is intended to facilitate the company's expansion and business presence in the United Arab Emirates and international markets in the Food & Beverage sector.

6. Regulatory Approvals

Not Applicable.

7. Time Period for Completion

Not Applicable.

8. Consideration

The acquisition was a 100% cash subscription to the paid-up share capital of the WOS by Valencia Nutrition Limited. The total cash consideration was AED 1,00,000 for 10,000 ordinary shares of AED 10 each. The full financial commitment is guaranteed by Valencia Nutrition Limited.

9. Shareholding Acquired

100% shareholding and voting rights were acquired (10,000 ordinary shares).

10. Background of Acquired Entity

  • Date of Incorporation: September 11, 2026
  • Country: United Arab Emirates
  • Principal Activities: Snack Food Trading, Bottled Water Trading, Soft Drinks & Carbonated Water Trading, and Juice Trading.
  • Turnover: Not Applicable, as it is newly incorporated.
  • History: Not Applicable.
  • Legal Form: Free Zone Company (FZCO) with limited liability.
  • Economic Licensing Authority: Dubai Integrated Economic Zones Authority (DIEZA).