Amir Chand Jagdish Kumar (Exports) Limited has informed the Exchange about intimation today, about incorporation of a wholly owned subsidiary in Singapore
AMIRCHAND · price
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Amir Chand Jagdish Kumar (Exports) Limited has announced the incorporation of a new wholly owned subsidiary named 'AEROPLANE FMCG PTE. LTD' in Singapore on May 15, 2026. The new subsidiary will operate in the Fast-Moving Consumer Goods (FMCG) industry, specifically dealing in rice and FMCG products. The company has subscribed to 500 shares at USD 1 per share, holding 100% ownership. This appears to be part of the company's strategy to diversify into FMCG and expand its international presence.
This expansion into FMCG through a Singapore subsidiary could open new revenue streams for the company, though it involves initial capital deployment. The wholly owned structure means full control but also full responsibility for funding and operations.