Cryogenic OGS Limited has announced the successful incorporation of its wholly-owned subsidiary in the United Arab Emirates, marking a significant step in the company's international expansion strategy. The subsidiary, named Cryogenic OGS Middle East F.Z.E, was incorporated on March 16, 2026, under the regulations of Ajman Free Zones Authority.

Subsidiary Details and Capital Structure

The newly incorporated subsidiary has been established with specific operational parameters designed to support the company's expansion objectives in the Middle East region.

Business Focus and Industry Sector

The subsidiary will operate in the heavy equipment and machinery spare parts trading sector, focusing on import and export activities. As a newly incorporated entity, the subsidiary currently has no turnover, but it represents a strategic investment in expanding the company's geographical footprint and market reach.

Strategic Objectives and Market Expansion

The incorporation of this UAE subsidiary aligns with Cryogenic OGS Limited's broader business strategy to explore growth opportunities and facilitate future expansion in international markets. The establishment in the UAE positions the company to better serve customers in the Middle East region and capitalize on the growing demand for heavy equipment and machinery spare parts in the area.

Regulatory Compliance and Approvals

The subsidiary has been incorporated under the regulations of Ajman Free Zones Authority in the UAE, ensuring compliance with local regulatory requirements. The company has indicated that the proposed timeline for full operational commencement will be determined in accordance with applicable UAE laws and India's Overseas Direct Investment (ODI) regulations.

Management and Governance Structure

Mr. Dhairya Patel, who serves as a Director of Cryogenic OGS Limited, has also been appointed as a Director in the subsidiary company. This appointment ensures continuity in management oversight and strategic alignment between the parent company and its UAE operations. The company has confirmed that promoters, promoter groups, and group companies have no other interests in this transaction beyond the standard subsidiary relationship.

Cryogenic OGS Limited has announced securing a substantial order from Suzlon Western India Projects Limited, marking a significant business development for the company. The Letter of Intent (LOI) received on 13th March 2026 represents a valuable addition to the company's order book in the renewable energy sector.

Order Details and Specifications

The contract encompasses the supply of specialized components for wind energy applications. The order details are structured as follows:

Business Significance

This domestic order strengthens Cryogenic OGS Limited's position in the wind energy component manufacturing sector. The contract involves the supply of Root Support and Tip Support components, which are critical elements in wind turbine assembly and maintenance operations.

Regulatory Compliance

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key compliance aspects include:

• Related Party Status: The order does not constitute a related party transaction
• Promoter Interest: No promoter or group company interest in the awarding entity
• Transaction Nature: Arms-length commercial transaction
• Disclosure Timeline: Prompt regulatory notification as required

Execution Framework

The order is scheduled for completion within 8-10 weeks from the LOI date, indicating a relatively quick turnaround requirement. This timeline suggests the components are needed for ongoing or upcoming wind energy projects, reflecting the active nature of the renewable energy sector.

The contract value of ₹1,20,46,620.00 includes all applicable taxes, providing clarity on the total revenue potential from this engagement. This order represents continued business momentum for Cryogenic OGS Limited in serving the wind energy industry's specialized component requirements.