Shanti Gold International Limited Revises Incorporation Timeline for Dubai Subsidiary
Shanti Gold International Limited announced a revision to the timeline for the incorporation of its wholly-owned subsidiary in Dubai, United Arab Emirates (UAE). The expected date of incorporation has been revised to June 30, 2026, from the previously stated March 31, 2026.The delay is attributed to ongoing geopolitical tensions and conflict in the region. These conditions have caused disruptions to normal business operations and have resulted in delays in obtaining necessary approvals, documentation verification, and the issuance of licenses. Coordination with local authorities and service providers has also been impacted by reduced operational capacity and precautionary measures. Logistical challenges and administrative bottlenecks have further contributed to the postponement.
The company is taking steps to complete the incorporation process as soon as possible.
Pankajkumar Jagawat, Managing Director, confirmed the revised timeline.
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