Striders Impex Approves Further Investment in Wholly Owned Subsidiary Striders FZ L.L.C.
The Board of Directors of Striders Impex Limited has approved a further investment in its wholly owned subsidiary, Striders FZ L.L.C., UAE (Striders FZ), through the acquisition of Equity Shares. This transaction is intended to strengthen the financial position and support the business operations and growth plans of Striders FZ.Striders FZ is engaged in the General Trading and E-Commerce industry. The purpose of the proposed fund infusion is for meeting its working capital requirements, with the investment expected to bolster the subsidiary's financial stability.
The cost of acquisition for the equity shares has been set at Rs. 30,00,000/- (Rupees thirty lakh only). The company confirmed that this transaction will not result in any change in the percentage of shareholding, as Striders FZ will continue to be a Wholly Owned Subsidiary of Striders Impex Limited.
Striders FZ was incorporated on October 24, 2018, under the provisions of the Fujairah Media Free Zone and operates within the United Arab Emirates (UAE). The entity is engaged in the global distribution, marketing, and trading of toys and kids' consumer merchandise. Striders Impex acquired Striders FZ on March 29, 2025.
The company confirmed that the acquisition transaction falls under the ambit of Related Party Transactions and was conducted at arm's length, supported by a Valuation Report from a Registered Valuer. Mr. Mustafa Esmail Kapasi, Joint Managing Director of Striders Impex Limited, serves as a Director in Striders FZ.
Financial and Operational Snapshot of Striders FZ
The subsidiary has maintained consistent turnover across the last three financial years. The table below details the operational and financial aspects of Striders FZ.| Particulars | Details |
|---|---|
| Target Entity Name | Striders FZ L.L.C., UAE |
| Business Scope | General Trading and E-Commerce |
| Turnover (FY ending March 31, 2026) | USD 1,401,878 |
| Turnover (FY 2025-26) | USD 14,01,878 |
| Turnover (FY 2024-25) | USD 12,86,241 |
| Turnover (FY 2023) | USD 2,967,978 |
| Transaction Type | Cash consideration |
| Time Period for Completion | Approximately 8 to 10 months |
Striders FZ operates primarily out of the United Arab Emirates. Its business presence extends globally through the supply and marketing of its products in several international markets, including the Netherlands, Finland, the United States of America (USA), the United Kingdom (UK), and Germany.
STRIDERS Stock Price Movement
On Thursday, shares of Striders Impex Limited slipped 0.09%, settling at ₹55.95 after the stock fell by ₹0.05 in trading. The equity closed within a narrow intraday range, hitting a low of ₹55.95 and recording a traded volume of 4,800 shares.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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