Jay Ambe Supermarkets Incorporates Wholly Owned Subsidiary

Jay Ambe Supermarkets Limited has announced the incorporation of its wholly-owned subsidiary, Kilo Kulture Private Limited, on June 15, 2026. The new entity, registered in India with a paid-up capital of ₹1,00,000, will operate in the textile industry, focusing on trading readymade garments, hosiery, clothing accessories, and related household items through retail sales. The subsidiary has an authorized capital of ₹10,00,000. Kilo Kulture Private Limited is yet to commence business operations and thus has no current turnover. The acquisition cost was ₹1,00,000, with shares acquired at ₹10 each, representing 100% shareholding by Jay Ambe Supermarkets Limited.