StockWatch
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Internet & Catalogue Retail
Subsidiary16 Sept 2026, 05:50 pm

Jupiter Infomedia Incorporates UAE Subsidiary Arix Metals Trading FZCO

AI Summary

Jupiter Infomedia Ltd, now operating as Arix EnergiX Limited, has successfully incorporated a wholly-owned subsidiary in the United Arab Emirates named Arix Metals Trading FZCO. The incorporation, effective September 15, 2026, with a paid-up capital of AED 1,00,000, aims to expand the company's geographic market presence into the UAE. The new entity will engage in the business of Metal Scrap Trading. This move is considered a related party transaction as it is a wholly-owned subsidiary. The acquisition cost was AED 1,00,000 in cash.

Key Highlights

  • Jupiter Infomedia incorporated a wholly-owned subsidiary in UAE.
  • New entity named Arix Metals Trading FZCO, capitalized at AED 1,00,000.
  • Expansion into the United Arab Emirates market.
  • Subsidiary will focus on Metal Scrap Trading.
  • Incorporation represents a related party transaction.