Bondada Engineering Limited has incorporated a wholly owned subsidiary, Bondada International FZ-LLC, in the Ras Al Khaimah Economic Zone (RAKEZ), United Arab Emirates (UAE), to establish a dedicated overseas holding structure for its international business operations. The incorporation marks a step in the company’s international expansion strategy and is aimed at facilitating overseas business opportunities across its key infrastructure and energy segments.
The newly incorporated entity will serve as a structured platform for pursuing international business opportunities, exploring new geographical markets and facilitating strategic partnerships. The subsidiary is expected to support Bondada Engineering’s long-term growth plans and strengthen its presence in international markets.
Bondada International FZ-LLC will focus on opportunities across renewable energy, Battery Energy Storage Systems (BESS), telecommunications, energy and power infrastructure, along with other related business activities. These sectors form part of the company’s broader business expansion strategy beyond India.
Bondada Engineering’s UAE Subsidiary: Investment And Ownership Details
According to the company’s regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bondada Engineering holds 100% ownership in the newly incorporated subsidiary.
The company subscribed to 20 equity shares of Bondada International FZ-LLC, each having a face value of AED 1,000, through a cash investment aggregating AED 20,000. The transaction does not fall under the related-party transaction category.
Bondada Engineering has also confirmed that all requisite regulatory and governmental approvals for the incorporation have been obtained. The development was disclosed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
Bondada Engineering’s Business Operations
Bondada Engineering Limited provides engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to customers across India, primarily in the telecommunications and solar energy industries.
The incorporation of Bondada International FZ-LLC establishes an overseas corporate structure through which the company intends to pursue international opportunities across renewable energy, energy storage, telecommunications and power infrastructure, supporting its plans to expand its business operations beyond India.
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