The Board of Directors of REPONO LIMITED ('the Company') at its meeting held today, i.e., 24th February 2026, has taken note of Incorporation of Subsidiary namely REPONO GW Company in Saudi ....
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Repono Ltd's Board, at its meeting on 24 February 2026, approved the incorporation of a joint venture company called REPONO GW Company in Saudi Arabia. Repono will hold a 51% stake, with the remaining stake held by Golden Wing Trading Company (a single-person company). The total investment is SAR 255,000 (roughly ₹56-58 lakhs), paid in cash. The JV was incorporated on 19 January 2026 and has not yet commenced operations, with no turnover in the last three years. The JV will operate in container handling, shipping intermediation, fuel and chemical storage, logistics, and packaging services. The transaction is not a related-party deal and requires no government or regulatory approvals.
This is a small, strategic international expansion into Saudi Arabia's logistics and storage sector, giving Repono its first overseas foothold. While the investment size is modest, it signals the company's intent to grow geographically and diversify into complementary businesses, which could support long-term growth but is unlikely to materially impact near-term financials.