Amir Chand Jagdish Kumar (Exports) Limited has informed the Exchange regarding Outcome of Board Meeting held on May 02, 2026. for approval of incorporation of wholly owned subsidiary in Singapore
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The board of Amir Chand Jagdish Kumar (Exports) Limited has approved the incorporation of a new wholly owned subsidiary named Aeroplane FMcG Pte. Ltd. in Singapore. The subsidiary will operate in the Fast-Moving Consumer Goods (FMCG) sector, dealing primarily in rice and FMCG products. The listed company will hold 100% stake through subscription of 500 shares at USD 1 each, involving a total cash outlay of USD 500. No governmental or regulatory approvals are required for this incorporation.
This expansion into Singapore as a wholly owned subsidiary marks the company's first step towards establishing an international presence in the FMCG segment. While the investment amount is small, it signals strategic intent to diversify into new markets, which could be positive for long-term growth prospects.