SRM Contractors Limited converts Abu Dhabi branch into wholly owned LLC subsidiary
SRM Contractors Limited has approved a significant structural change regarding its operations in Abu Dhabi, deciding to convert the company’s existing 'Branch' into a fully capitalized and controlled limited liability entity.The Board of Directors of SRM Contractors Limited reviewed and approved the proposal for this transformation on July 25, 2026. The branch, which was registered with the Department of Economic Development in Abu Dhabi under License Number CN-6182190, is being transitioned into a new corporate structure.
The entity will be established as 'SRM Contractors LLC' or an alternate name approved by the Department of Economic Development, Abu Dhabi, UAE. Upon completion of this conversion, the new entity will become a wholly owned subsidiary of SRM Contractors Limited, subject to necessary regulatory and statutory approvals.
The proposed company is situated within the Construction and Engineering industry and is intended to serve as a key operational arm for the Indian firm in the Middle East.
Key details regarding the new subsidiary are summarized below:
| Particulars | Details |
|---|---|
| Proposed Company Name | SRM Contractors LLC (or approved trade name) |
| Country of Incorporation | United Arab Emirates |
| Holding Company Status | Wholly Owned Subsidiary of SRM Contractors Limited |
| Industry | Construction and Engineering |
| Initial Capital | AED 100,000 |
| Shareholding Percentage | 100% held by SRM Contractors Limited |
The scope of business for the new entity is extensive, covering several critical areas within construction and engineering. The proposed operations include undertaking: Retaining Walls and Dewatering Works Contracting, Bridges Contracting, Tunnels Contracting, Main Roads, Streets and Related Works Contracting, Installation of Insulation Materials in Buildings and Facilities, Sand Stabilizing Work Execution, Internal and External Squares Landscaping Contracting, Excavation, Backfilling, and services for Onshore and offshore oil and gas fields.
SRM Stock Price Movement
On Friday, SRM Contractors Limited shares edged higher in the market, closing at ₹507.6 after gaining 0.74%. The stock settled within its intraday range of ₹487.1 to ₹512.9, with a volume of 75,111 recorded 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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