Pursuant to regulation 30 of SEBI (LODR) Regulations, 2015 and in continuation of earlier intimation dated 17th January, 2026, we wish to inform you that the Wholly-owned subsidiary styled ....
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Cryogenic OGS Ltd has incorporated a wholly-owned subsidiary in the UAE called Cryogenic OGS Middle East F.Z.E under the Ajman Free Zones Authority. The subsidiary has an initial capital of 1,00,000 AED (approx. ₹22-23 lakhs) with 100% shareholding held by Cryogenic OGS Ltd for cash consideration. The new entity will operate in heavy equipment and machinery spare parts trading, import and export. The purpose is to explore growth opportunities and future business expansion in the UAE region. Mr. Dhairya Patel, a Director of the parent company, has also been appointed as a Director of the new subsidiary. This is a continuation of an earlier intimation dated 17th January 2026.
This is a small, early-stage international expansion move by a small-cap company, with minimal capital deployed (1 lakh AED). The long-term impact depends on the subsidiary's ability to generate business in UAE markets, but near-term financial impact is negligible. It signals management's intent to grow geographically, which could be a positive strategic signal for long-term investors.