NSEGeneral Updates4 Aug 2026 · 4 Aug 2026, 04:25 pm
General Updates
Jinkushal Industries Limited · JKIPL
✦ AI SummaryJoint Venture
Jinkushal Industries Limited has informed the Exchange about the incorporation of a step-down wholly-owned subsidiary, HEXCO GLOBAL MACHINES L.L.C. - S.P.C., in Abu Dhabi, UAE, to support and expand the Group's international business activities in the Middle East.
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Jinkushal Industries Limited has informed the Exchange about Incorporation of a Step down Wholly Owned Subsidiary of the Company.
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JINKUSHAL_04082026162533_Intimation_Final_Signed.pdf
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To, To,
Sr. General Manager, The Manager,
Listing Department, Corporate Relationship Department,
BSE Limited, National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400 001. Bandra (E), Mumbai – 400 051.
Scrip Code: 544547 Trading Symbol: JKIPL
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 - Intimation of Incorporation of a Step down Wholly-Owned Subsidiary of the
Company.
Dear Sir/Madam,
Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, we wish to inform you that Hexco Global FZCO,
Dubai, a subsidiary of Jinkushal Industries Limited ('the Company'), has incorporated a wholly
owned subsidiary in Abu Dhabi, United Arab Emirates under the name 'HEXCO GLOBAL
MACHINES L.L.C. - S.P.C.' on 03rd August 2026.
Consequently, HEXCO GLOBAL MACHINES L.L.C. - S.P.C. has become an indirect (step-
down) wholly owned subsidiary of the Company.
The newly incorporated entity has been established to support and expand the Group's international
business activities relating to trading of heavy equipment, machinery, machinery spare parts and
allied activities in the Middle East region.
The entity is presently in the initial incorporation and commercial establishment stage. It has not
commenced commercial operations.
As on the date of this disclosure, the entity has not commenced revenue-generating operations and
accordingly has no material turnover or business transactions.
The incorporation has been undertaken by Hexco Global FZCO from its own resources. No direct
investment or remittance has been made by Jinkushal Industries Limited into the said entity.
The disclosure required under Regulation 30 read with Schedule III and the applicable SEBI
Circular is enclosed as Annexure-I.
Further developments, if any, requiring disclosure under applicable laws and regulations shall be
intimated in due course.
Thanking you,
Yours faithfully,
For Jinkushal Industries Limited
(Formerly Known as Jinkushal Industries Private Limited)
Manish Tarachand Pande
Company Secretary and Compliance Officer
Membership No.: A48185
Annexure I
S. No. Particulars Details
a) Name of target entity HEXCO GLOBAL MACHINES
L.L.C. - S.P.C., incorporated as a
wholly owned subsidiary of Hexco
Global FZCO and consequently an
indirect (step-down) wholly owned
subsidiary of Jinkushal Industries
Limited.
b) Registration / Capital Registration No.:
101-2026-200119148;
Paid-up Capital: AED 100,000.
b) Related party Upon incorporation, the entity
becomes a related party as an indirect
subsidiary. Save as above, promoters
have no separate interest.
c) Industry Heavy equipment and machinery
trading, machinery spare parts and
equipment rental
d) Objects To support and expand the Group's
international business activities in the
Middle East.
e) Government approvals Entity incorporated under the laws of
Abu Dhabi, UAE. No further approval
required for incorporation.
f) Time period Completed on 03rd August 2026.
g) Nature of consideration 100% subscription by Hexco Global
FZCO in cash. Capital contribution
through applicable banking channels.
h) Cost of acquisition AED 100,000 proposed/committed by
Hexco Global FZCO.
i) Shareholding 100% held by Hexco Global FZCO.
j) Background Newly incorporated entity.
Commercial operations have not
commenced.
No turnover, revenue or business
transactions as on date. Country: Abu
Dhabi, UAE.
Thanking you,
Yours faithfully,
For Jinkushal Industries Limited
(Formerly Known as Jinkushal Industries Private Limited)
Manish Tarachand Pande
Company Secretary and Compliance Officer
Membership No.: A48185