NSEGeneral Updates5d ago · 28 Sept 2026, 06:37 pm
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LEAP India Limited · LEAPIND
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LEAP India Limited has made a further investment in its wholly owned foreign subsidiary, LEAP Gulf Company, incorporated in the Kingdom of Saudi Arabia, by subscribing to its equity share capital.
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Full Announcement
LEAP India Limited has informed the Exchange about a further investment by way of subscription to the equity share capital of its wholly owned foreign subsidiary incorporated in the Kingdom of Saudi Arabia, namely, LEAP Gulf Company
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LEAPINDIA_28092026183648_Disclosure_as_per_Reg_30_LEAP_GULF.pdf
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Date: September 28, 2026
To, To,
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phirozee Jeejeeboy Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Fort, Mumbai – 400001. Bandra (East), Mumbai – 400051
Scrip Code: 544865 Symbol: LEAPIND
Dear Sir/ Ma’am,
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Further investment in the Share Capital of LEAP Gulf
Company, a wholly owned subsidiary company of the Company
With reference to the captioned subject and pursuant to Regulation 30 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“SEBI Listing Regulations”), we wish to inform you that LEAP India Limited (“Company”) has
made a further investment by way of subscription to the equity share capital of its wholly owned
foreign subsidiary incorporated in the Kingdom of Saudi Arabia, namely, LEAP Gulf Company.
A disclosure in terms of Regulation 30 read with para-A of part A of Schedule III of the SEBI
Listing Regulations, as amended, read with SEBI Master Circular No. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated January 30, 2026 (“Master Circular”), is enclosed herewith as an
Annexure.
We request you to kindly take the above information on record.
Thanking you.
Yours faithfully,
For LEAP India Limited
Chirag Bagadia
Company Secretary, Compliance Officer
and Head Legal
Membership No.: A21579
Annexure
Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/
merger/demerger/restructuring), or sale or disposal of any unit(s), division(s) or subsidiary
of the listed entity or any other restructuring:
1.1 Acquisition (including agreement to acquire):
Sr No Disclosure requirement Details
1 Name of the target entity, details in LEAP Gulf Company (“LEAP Gulf”) is a wholly
brief such as size, turnover etc. owned foreign subsidiary of the Company,
bearing National number 7052813669. LEAP
Gulf was incorporated on December 03, 2025, as
a Limited Liability Company under the
Companies Law issued by Royal Decree No
(M/132) dated 30/06/2022 (01/12/1443 H), as
well as its executive legislation.
Turnover Size: Not Applicable since it is a newly
incorporated company.
2 Whether the acquisition would fall LEAP Gulf, being a wholly owned subsidiary of
within related party transaction(s) the Company, is a related party of the Company.
and whether the promoter/ promoter
group/ group companies have any Except for the Company, none of the promoters,
interest in the entity being acquired? members of the promoter group or group
If yes, nature of interest and details companies have any interest in the said
thereof and whether the same is done subsidiary. The transaction has been undertaken
at “arm’s length”; on an arm’s-length basis, and the necessary
approvals have been obtained.
3 Industry to which the entity being LEAP Gulf is engaged in the business of
acquired belongs; manufacturing wooden containers, manufacturing
plastic products, repair of equipments, rental of
machinery, equipments and tangible goods.
4 Objects and impact of acquisition The investment will support the LEAP Gulf in
(including but not limited to, undertaking and expanding its business activities
disclosure of reasons for acquisition in the Kingdom of Saudi Arabia. The investment
of target entity, if its business is is in line with the Company’s business objectives
outside the main line of business of a nd overseas expansion plans.
the listed entity);
5 Brief details of any governmental or No specific governmental or regulatory approval
regulatory approvals required for the was required for the investment. The investment
acquisition; has been made under the automatic route in
accordance with the applicable provisions under
the Foreign Exchange Management Act (FEMA).
6 Indicative time period for The Company has remitted
completion of the acquisition; 785,000 Saudi Riyal towards subscription to
7,850 equity shares of 100 Saudi Riyal each.
Based on the applicable remittance exchange rate
of 1 (One) Saudi Riyal = INR 26, the amount
remitted is equivalent to INR 2,04,10,000/-
(Rupees Two Crore Four Lakh Ten Thousand
Only)
7 Consideration - whether cash Investment by way of cash.
consideration or share swap or any
other form and details of the same
8 Cost of acquisition and/or the price The Company has remitted 785,000 Saudi Riyal
at which the shares are acquired towards subscription to 7,850 equity shares of 100
Saudi Riyal each. Based on the applicable
remittance exchange rate of 1 (One) Saudi Riyal
= INR 26, the amount remitted is equivalent to
INR 2,04,10,000/- (Rupees Two Crore Four Lakh
T en Thousand Only)
9 Percentage of shareholding/control The Company will continue to hold 100% of the
acquired and / or number of shares equity share capital of LEAP Gulf after the
acquired. allotment of the equity shares pursuant to the
aforesaid remittance.
10 Brief background about the entity LEAP Gulf was incorporated on December 03,
acquired in terms of products/line of 2025, as a Limited Liability Company under the
business acquired, date of Companies Law issued by Royal Decree No
incorporation, history of last 3 years (M/132) dated 30/06/2022 (01/12/1443 H), as
turnover, country in which the well as its executive legislation. LEAP Gulf is
acquired entity has presence and any engaged in the business of manufacturing wooden
other significant information (in containers, manufacturing plastic products, repair
brief) of equipments, rental of machinery, equipments
and tangible goods.
Turnover: Not Applicable since it is a newly
incorporated company.
Country: Riyadh, Kingdom of Saudi Arabia