Repono Ltd Incorporates Subsidiary in Saudi Arabia for SAR 255000

Repono Ltd, formerly known as Repono Private Limited, has incorporated a subsidiary, REPONO GW Company, in Saudi Arabia. The Board of Directors of Repono Ltd approved the transfer of funds towards the subscription amount at their meeting on 24th February 2026. The new joint venture company is expected to provide operational and financial synergies, including improved capacity, access to new customers, and enhanced technological capabilities. The new entity is a Joint Venture Company between Repono Ltd and Golden Wing Trading Company, a single-person company. The total investment/capital contribution is SAR 255000. The acquisition is not a related party transaction and does not involve the promoter/promoter group/group companies. The REPONO GW Company will be involved in container handling services, shipping intermediaries, fuel and chemical storage, operation of storage facilities for all types of goods except food, providing higher management consulting services, logistics services, and packaging of chemicals and cleaning agents. The new entity is expected to commence business operations soon.