Jay Ambe Supermarkets Ltd incorporates Wholly Owned Subsidiary Kilo Kulture Private Limited
Jay Ambe Supermarkets Limited has established a new subsidiary, Kilo Kulture Private Limited, to enter the textile and retail goods market. The incorporation of the wholly owned entity marks a strategic move for the company, which is planning to focus on various segments of consumer products through its newly formed venture.Kilo Kulture Private Limited was incorporated as a Wholly Owned Subsidiary of Jay Ambe Supermarkets Limited and received its Certificate of Incorporation on June 15, 2026. The new entity is designated to operate within the textile industry.
The objectives of Kilo Kulture Private Limited are extensive, covering the trading of readymade garments, hosiery goods, other clothing accessories such as gloves, ties, and braces. The subsidiary will also handle Grocery, Home Textile, Home Decor, Cloths or apparels, Toys, Gift articles, Footwear, and other household items through retail sales in stalls, markets of textiles, and supermarkets.
As a newly incorporated entity, Kilo Kulture Private Limited is yet to commence business operations.
Key Details of the New Subsidiary
The details regarding the incorporation, capital structure, and ownership of Kilo Kulture Private Limited are summarized below:| Feature | Detail |
|---|---|
| Subsidiary Name | Kilo Kulture Private Limited (Limited by Shares) |
| Date of Incorporation | June 15, 2026 |
| Industry | Textile industry |
| Status | Newly incorporated; yet to commence business operations |
| Authorized Capital | Rs. 10,00,000 (1,00,000 Equity Shares of Rs. 10 each) |
| Paid Up Capital | Rs. 1,00,000 (10,000 Equity Shares of Rs. 10 each) |
Investment and Ownership Structure
Jay Ambe Supermarkets Limited holds 100% shareholding in Kilo Kulture Private Limited. The investment involves a Cash Consideration amounting to Rs. 1,00,000, which represents the subscription money for the subsidiary.The acquisition structure is as follows:
- Ownership Acquired: Jay Ambe Supermarkets Limited acquired 10,000 equity shares, representing 100% of the shareholding.
- Cost of Acquisition: The cost of acquisition was Rs. 1,00,000.
- Share Price: Shares were acquired at a price of Rs. 10 per Share.
The ownership distribution involves Mr. Rutwijkumar Maganbhai Patel, Director, who acquired 9,999 Equity shares on behalf of the company, and Mr. Jignesh Amratbhai Patel, Managing Director, who acquired the remaining 1 equity share on behalf of Jay Ambe Supermarkets Limited.
Stock Price Movement
Jay Ambe Supermarkets Ltd settled at ₹134.50 on Monday, shedding 4.98% of its value during the trading session. The stock remained entirely locked and traded completely flat, with both the high and low recorded precisely at ₹134.50.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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