Jetking Infotrain to Incorporate Wholly-Owned Subsidiary in Singapore
Jetking Infotrain Ltd announced a proposal to incorporate a wholly-owned subsidiary in Singapore. This new entity will focus on academic development, education, and professional skills training across various sectors, including retail. It will also promote universities, institutions, and vocational training centers, and conduct research and development. The board also approved the re-appointment of M/s. PYS. & Co. LLP as Statutory Auditors for a second term and noted the resignation of Ms. Supriya Sudheer Kaduskar and appointment of Ms. Anita Jaiswal as Company Secretary and Compliance Officer. Additionally, the board revised the initial investment limit for its UAE subsidiary due to foreign exchange fluctuations.
Key Highlights
- Jetking Infotrain plans to establish a wholly-owned subsidiary in Singapore.
- The subsidiary will focus on education and professional skills development.
- Statutory auditors re-appointed for a second five-year term.
- New Company Secretary and Compliance Officer appointed.
- Investment limit for UAE subsidiary revised due to forex rates.
Price Impact
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