Further investment in equity share capital of LEAP MENA Holdings, a wholly owned subsidiary

Company makes a further investment in LEAP MENA Holdings Limited, its wholly owned UAE subsidiary, by subscribing to its equity share capital.

Tue 6 Oct 2026

Amount Remitted

$ 1,000,000

Equity Shares Subscribed

999,999,999 equity shares of $ 0.001 each

INR Equivalent

INR 9,64,40,000, i.e. approximately INR 9.64 crore

What the company informed the exchanges

LEAP India Limited has made a further investment by way of subscription to the equity share capital of its wholly owned subsidiary incorporated in the UAE, LEAP MENA Holdings Limited. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with para-A of part A of Schedule III.

The transaction in numbers

• The company remitted $ 1,000,000 towards subscription to 999,999,999 equity shares of $ 0.001 each.
• Based on the applicable remittance exchange rate of $ 1 = INR 96.44, the amount remitted is equivalent to INR 9,64,40,000, i.e. approximately INR 9.64 crore.
• The consideration was paid in cash.
• The company will continue to hold 100% of the equity share capital of LEAP MENA after the allotment of the equity shares pursuant to the said remittance.

About the target entity

• LEAP MENA Holdings Limited is a wholly owned foreign subsidiary of the company, bearing registration number 36708.
• It was incorporated on July 01, 2026, as a private company limited by shares, under the Abu Dhabi Global Market Companies Regulations, 2020.
• It is authorised to carry on the business of a holding company as authorised under the commercial licence issued by the Abu Dhabi Global Market.
• Country of presence: Abu Dhabi, UAE. Turnover, Size: Not Applicable since it is a newly incorporated company.

Where the money is headed

LEAP MENA will be further used to infuse equity capital or debt into its wholly owned subsidiary, LEAP Pallet Pooling Trading LLC, which in turn will be used for business use for investment into assets and working capital.

Related party angle

LEAP MENA, being a wholly owned subsidiary of the company, is a related party of the company. Except for the company, none of the promoters, members of the promoter group or group companies has any interest in the said subsidiary. The transaction has been undertaken on an arm's length basis and the necessary approvals have been obtained.

Approval route

No specific governmental or regulatory approval was required for the investment. The investment has been made under the automatic route in accordance with the applicable provisions of the Foreign Exchange Management Act (FEMA).

How a retail investor can read this

• This is an intimation of a capital infusion by the parent into its own wholly owned overseas subsidiary, by way of subscription to equity shares, and not a purchase of a new or third-party business.
• The company's ownership in the subsidiary does not change; it stays at 100% after the fresh allotment.
• The stated end use of the funds is investment into assets and working capital at the step-down subsidiary, LEAP Pallet Pooling Trading LLC.

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