NSEGeneral Updates5d ago · 28 Sept 2026, 06:37 pm

General Updates

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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Earnings Impact2/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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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