Jinkushal Industries has incorporated a step-down wholly-owned subsidiary, Hexco Global Machines L.L.C. - S.P.C., in Abu Dhabi, United Arab Emirates, to expand its international business activities in the Middle East region. The new entity was established on August 3, 2026, by Hexco Global FZCO, a direct subsidiary of Jinkushal Industries Limited, marking a strategic move to deepen the group’s presence in trading heavy equipment, machinery, spare parts, and allied activities.

The incorporation complies with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per the disclosure submitted to BSE Limited and National Stock Exchange of India Limited, the new entity operates as an indirect (step-down) wholly owned subsidiary of Jinkushal Industries Limited. The company secretary and compliance officer, Manish Tarachand Pande, signed the intimation on August 4, 2026.

Hexco Global FZCO funded the incorporation entirely from its own resources, with no direct investment or remittance made by Jinkushal Industries Limited into the new entity. The paid-up capital stands at AED 100,000, subscribed 100% by Hexco Global FZCO in cash through applicable banking channels. Consequently, Hexco Global Machines L.L.C. - S.P.C. is now classified as a related party to Jinkushal Industries Limited due to its status as an indirect subsidiary.

The newly incorporated entity is currently in the initial commercial establishment stage and has not yet commenced revenue-generating operations or business transactions. Its primary objective is to support and expand the group’s international business activities relating to the trading of heavy equipment, machinery, machinery spare parts, and equipment rental in the Middle East. No further government approvals are required for its incorporation under the laws of Abu Dhabi, UAE.

Key Details of Incorporation

Strategic Implications

The establishment of Hexco Global Machines L.L.C. - S.P.C. signals Jinkushal Industries’ intent to scale its overseas operations without directly deploying capital from the Indian parent company. By leveraging its existing Dubai-based subsidiary, Hexco Global FZCO, the group can manage regional risks and operational complexities through a localized structure. This step-down subsidiary model allows for greater flexibility in managing cross-border transactions and compliance within the UAE jurisdiction while maintaining full control through the corporate chain. Future developments requiring disclosure under applicable laws will be intimated in due course.

Jinkushal Industries Limited has confirmed the logistical framework for its 19th Annual General Meeting (AGM), scheduled for Wednesday, August 12, 2026. The company announced that the record date for determining shareholder eligibility is August 5, 2026. Remote e-voting facilities will be open from Saturday, August 8, 2026, at 9:00 AM IST to Tuesday, August 11, 2026, at 5:00 PM IST. This update clarifies the voting timeline for shareholders who wish to participate without attending the physical meeting in Raipur.

The AGM, set to commence at 4:00 PM at Shanti Nagar, Raipur, Chhattisgarh, aims to adopt the audited financial statements for the fiscal year ended March 31, 2026. The Board recommends the adoption of the Standalone and Consolidated Audited Balance Sheet, Profit and Loss account, and the reports of the Statutory Auditors and Board of Directors for FY26. Additionally, the meeting will seek shareholder consent for key management changes, including the re-appointment of a director retiring by rotation and the redesignation of a Whole-time Director to Managing Director.

Key Agenda Items

Shareholders will vote on several critical resolutions during the AGM. Anil Kumar Jain (DIN: 00679518), who retires by rotation, is eligible for re-appointment as a director. The agenda also includes the redesignation of Abhinav Jain (DIN: 07811559) from Whole-time Director to Managing Director, effective May 16, 2026. This appointment is for a five-year period, with remuneration and terms approved by the Board in accordance with the Companies Act, 2013, and Schedule V thereto.

Furthermore, special resolutions will be passed to appoint Abhishek Jain & Associates as Secretarial Auditors for a term of five consecutive years, spanning from FY27 to FY31. The firm, holding Certificate of Practice No. 14857, has confirmed its eligibility and compliance with peer review requirements under the Institute of Company Secretaries of India guidelines.

E-Voting Mechanism

To ensure transparency in the remote voting process, the company has appointed Mr. Abhishek Jain, Proprietor of Abhishek Jain & Associates, Practicing Company Secretary, as the scrutinizer for remote e-voting. Members who cast their votes remotely will not be entitled to vote at the meeting venue. However, the facility for voting through ballot paper will remain available at the venue for members attending in person.

The precise scheduling of the record date and e-voting window allows shareholders ample time to review the financial statements and management proposals before casting their votes. The physical meeting remains an option for those preferring in-person participation, ensuring broad accessibility for all stakeholders.