Step-Down Subsidiary Incorporated in Singapore with Initial Capital of 1 USD
Aegis has a new step-down subsidiary.
By ScoutQuest · · 1 min read
- Subsidiary Name
- Aegis Logistics International Pte Ltd
- Incorporation Date
- 25th September, 2026
- Location
- Singapore
- Initial Share Capital
- 1 USD
- Ownership Structure
- 100% held by Eastern India LPG Company Pvt Ltd (wholly owned subsidiary of Aegis)
What was announced
Aegis Logistics told BSE and NSE that a new step-down subsidiary has been incorporated overseas.
- Name: Aegis Logistics International Pte Ltd
- Country: Singapore
- Date of incorporation: 25th September, 2026
- Parent: Eastern India LPG Company Private Limited, itself a wholly owned subsidiary of Aegis Logistics
- Shareholding: 100% held by Eastern
- Initial share capital: 1 USD
Line of business
The entity is to function as storage and terminaling and associated logistics activities, and investment in companies engaged in such activities. This sits alongside the group's existing line of work.
Scale today
The company has not yet started operations, and turnover is not applicable as it is newly incorporated. The initial capital committed is 1 USD.
How to read it
This is a structural or set-up step rather than a transaction. There is no consideration, no regulatory approval requirement stated, and the company is not a related party transaction as it is an incorporation of a wholly owned step-down subsidiary. Investors may view it as a vehicle created for possible international storage, terminaling and logistics activity; the financial effect at this stage is limited to the nominal capital.
Also from Aegis Logistics
CARE AA (RWD) on long-term bank facilities of Aegis Logistics placed on rating watch; CARE A1+ reaffirmed
21 Oct 2026
Board meeting on October 26, 2026 to approve September quarter and half-year results
21 Oct 2026
EGM proceedings: borrowing limit, charge creation and fund-raising resolutions placed before shareholders
21 Oct 2026
More numbers
- Initial share capital of new subsidiaryInitial 1 USD
- Shareholding held by Eastern in new entity100%
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