Subsidiary4 Aug 2026, 04:40 pm
Jinkushal Industries Ltd: Step-down subsidiary incorporated in Abu Dhabi
AI Summary
Jinkushal Industries Limited announced the incorporation of its step-down wholly owned subsidiary, HEXCO GLOBAL MACHINES L.L.C. - S.P.C., in Abu Dhabi, UAE, on August 3, 2026. This new entity, established by its Dubai-based subsidiary Hexco Global FZCO, aims to expand the group's international business in heavy equipment and machinery trading in the Middle East. The subsidiary has an initial paid-up capital of AED 100,000 and is currently in the initial establishment phase, with no commercial operations or revenue generated yet. Jinkushal Industries Limited has not made any direct investment into this entity.
Key Highlights
- Jinkushal Industries Ltd establishes step-down subsidiary in Abu Dhabi.
- New entity to support heavy equipment and machinery trading in the Middle East.
- Subsidiary incorporated by Hexco Global FZCO with AED 100,000 capital.
- No commercial operations or revenue generated by the new entity yet.
- No direct investment made by Jinkushal Industries Ltd into the subsidiary.
Price Impact
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