The Board of director in its meeting held today i.e. 24th February 2026 has taken note of incorporation of Subsidiary namely REPONO GW Company in Saudi Arabia.
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Repono Limited's board has approved the incorporation of a new joint venture subsidiary called REPONO GW Company in Saudi Arabia, in partnership with Golden Wing Trading Company. Repono will hold a 51% stake with a cash investment of SAR 255,000 (approximately ₹57 lakhs). The new entity will operate in container handling, shipping intermediation, fuel and chemical storage, logistics, and packaging services. The subsidiary was incorporated on 19 January 2026 and has not yet commenced business operations. The transaction is not a related-party deal and no government approvals are required.
This is a small international expansion move into the Middle East logistics market. Given the modest size of the investment, the near-term impact on financials is likely limited, but it gives Repono a foothold in Saudi Arabia for future growth in storage and logistics services.