Glottis Limited has informed the Exchange about General Updates
GLOTTIS · price
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Glottis Limited has completed the incorporation of a wholly owned subsidiary named 'Glottis Inc' in Texas, USA, with the certificate dated March 18, 2026. The new entity will operate in the freight forwarding segment, which is the company's core line of business, aimed at expanding its global footprint. The subsidiary has been set up with an initial capital of 1,500 shares at a face value of USD 1 per share, fully subscribed by Glottis Limited in cash. The company plans to invest in one or more tranches as per business requirements. Since the new entity is a related party (being a WOS), the promoters and group companies have no separate interest in the transaction.
This is a positive strategic move signalling Glottis's international expansion into the US freight forwarding market, though the financial outlay is currently small. Shareholders should view this as a growth-oriented step that could gradually contribute to revenues, but near-term impact on stock price is likely limited given the minimal initial investment.