Apollo Sindoori Hotels Limited has informed the Exchange about Intimation of Incorporation of a step-down subsidiary Company
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Apollo Sindoori Hotels Limited announced that its wholly owned subsidiary, Sindoori Management Solutions Private Limited, has incorporated a new wholly owned step-down subsidiary in the United Kingdom named 'Sindoori Management Solutions Limited' on June 6, 2025. The new UK entity has an issued share capital of GBP 50,000 (50,000 ordinary equity shares of GBP 1 each) and has not yet commenced business operations. The UK subsidiary will operate in hotels and similar accommodations, food services, and employment placement agencies, serving as a strategic extension of the company's global operations. The investment is classified as an Overseas Direct Investment through the automatic route and will require RBI approval.
This is a greenfield overseas expansion move that signals the company's intent to grow internationally, though the financial impact is minimal at incorporation stage since operations have not yet begun and only a small amount of capital has been deployed.