Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Super Iron Foundry Ltd. at its meeting of the Board ....
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Super Iron Foundry Ltd's board, at a meeting held on April 12, 2025, approved the incorporation of a Wholly Owned Subsidiary (WOS) in the United Arab Emirates. The proposed entity (tentatively named SIF Emirates Company Ltd, SIFL Emirates Company Ltd, or SIF Building Materials Ltd, subject to UAE ministry approval) will operate from a UAE Free Zone. It will focus on trading and manufacturing of ductile and cast iron castings, with emphasis on infrastructure castings. The company will subscribe to 100% of the share capital at face value through cash, making it a fully owned subsidiary and related party. The subsidiary is yet to be incorporated and is subject to UAE regulatory approvals, after which it will commence business as a Middle East manufacturing and trading hub.
This move signals Super Iron Foundry's international expansion into the Middle East and global markets, creating a dedicated hub for its castings business overseas. While no immediate financial impact is expected as operations are yet to begin, successful execution could open new revenue streams and strengthen the company's global presence in infrastructure castings.