MRF Limited has informed the Exchange about Information under Regulation 30 of SEBI [Listing Obligations and DisclosureRequirements] Regulations, 2015
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MRF Limited's Singapore-based wholly owned subsidiary, MRF SG PTE. LTD, has incorporated a new wholly owned subsidiary in the United Arab Emirates named 'MRF DB - FZCO' on 7th May 2025. The new entity has a share capital of AED 10,000, divided into 1,000 ordinary shares of AED 10 each, fully held by MRF SG PTE. LTD. The business activity is Tyres & Accessories Trading, and the capital was deployed in cash. The structure is a step-down subsidiary: MRF Limited → MRF SG PTE. LTD (Singapore) → MRF DB - FZCO (UAE). The company has clarified that this is an incorporation, not an acquisition of an existing entity, so no related-party transaction or regulatory approvals are involved.
This is a small greenfield expansion to support tyre trading operations in the UAE. The capital commitment is minimal and there is no immediate material impact on shareholders, though it signals MRF's intent to deepen its international footprint through its Singapore subsidiary.