Jay Ambe Supermarkets Limited has expanded its business footprint by incorporating Kilo Kulture Private Limited, a wholly-owned subsidiary focused on the textile industry. The subsidiary was incorporated on June 15, 2026, with the objective of trading readymade garments, hosiery, home textiles, and related accessories. This strategic move allows the parent company to diversify its retail operations beyond supermarkets into the textile sector.

The incorporation was completed through a cash consideration of ₹1,00,000, representing the subscription money for 10,000 equity shares priced at ₹10 each. Jay Ambe Supermarkets acquired 100% of the shareholding in the new entity. The acquisition involved 9,999 equity shares subscribed through Mr. Rutwijkumar Maganbhai Patel, Director, as an Authorised Representative, and one equity share acquired by Mr. Jignesh Amratbhai Patel, Managing Director, as a nominee.

Kilo Kulture Private Limited has an authorised capital of ₹10,00,000 divided into 1,00,000 equity shares of ₹10 each. As a newly incorporated entity registered with the Registrar of Companies in Ahmedabad, the subsidiary has not yet commenced business operations and currently reports nil turnover. The company does not require any specific governmental or regulatory approvals for this acquisition.

Financial Details of Kilo Kulture Private Limited

The subsidiary's primary business activities will include the retail sale of clothing, footwear, toys, gift articles, and household items through stalls, textile markets, and supermarkets. This expansion aligns with the parent company's strategy to fulfil its main object through related verticals.

Craft Emerging Market Fund PCC has acquired a 5.32% stake in Jay Ambe Supermarkets Limited through open market purchases. The acquisition was executed in September 2025, involving the purchase of 472,000 equity shares carrying voting rights. The acquirer, comprising Craft Emerging Market Fund PCC - Citadel Capital Fund and Craft Emerging Market Fund PCC - Elite Capital Fund, does not belong to the promoter or promoter group of the target company.

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, the acquirer held no shares or voting rights in the company. Following the acquisition, the total holding of the acquirer along with Persons Acting in Concert (PACs) stands at 472,000 shares, which constitutes 5.32% of the total share capital and 5.32% of the total diluted share capital.

Acquisition Details

The transaction details indicate that the equity share capital and total voting capital of Jay Ambe Supermarkets Limited remained at 8,879,954 shares both before and after the acquisition. The total diluted share capital post-acquisition also remains unchanged at 8,879,954 shares. No warrants or convertible securities were acquired as part of this transaction.