Amir Chand Jagdish Kumar (Exports) Limited Establishes Wholly Owned Subsidiary in Singapore
Amir Chand Jagdish Kumar (Exports) Limited has announced the incorporation of a new wholly owned subsidiary in Singapore, named AEROPLANE FMCG PTE. LTD ('AFPL'). The establishment of this new entity marks the company's expansion into the international Fast-Moving Consumer Goods (FMCG) sector, alongside its core business in rice.The incorporation of AFPL took place on May 15, 2026, in Singapore. The subsidiary, AFPL, will focus on dealing in both Rice and general FMCG products. The entity is a wholly owned subsidiary of Amir Chand Jagdish Kumar (Exports) Limited, the parent company.
The details regarding the newly incorporated subsidiary are as follows:
| Particulars | Details |
|---|---|
| Name of Entity | AEROPLANE FMCG PTE. LTD ('AFPL') |
| Date of Incorporation | May 15, 2026 |
| Country of Incorporation | Singapore |
| Industry | Fast-Moving Consumer Goods (FMCG) |
| Product Line | Rice and FMCG products |
| Ownership Status | Wholly owned subsidiary of Amir Chand Jagdish Kumar (Exports) Limited |
The consideration for the shares was paid via cash. The company subscribed to 500 shares at a face value of USD 1 per share, confirming that the parent company holds 100% control of the new subsidiary.
AMIRCHAND Stock Price Movement
Today, Amir Chand Jagdish Kumar (Exports) Limited shares slipped by 1.92% to settle at ₹130.18, marking a decline from its previous close. The equity saw substantial activity, trading on a total volume of 310,562 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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