Striders Impex Limited has approved a further investment of Rs 30,00,000 in its wholly owned subsidiary, Striders FZ L.L.C, UAE, to bolster the subsidiary's working capital and support its business operations. The Board of Directors approved the proposal on June 26, 2026, authorizing the acquisition of equity shares through cash consideration. The investment aims to strengthen the financial position of the UAE-based entity, which operates in the general trading and e-commerce sector.

The transaction falls under the ambit of related party transactions as Striders FZ is a wholly owned subsidiary of the company. The deal 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, serves as a Director in Striders FZ. The company stated that no other promoter or group companies hold any interest in the subsidiary beyond the shares already owned by the company.

Striders FZ was incorporated on October 24, 2018, under the provisions of the Fujairah Media Free Zone in the United Arab Emirates. The entity specializes in the global distribution, marketing, and trading of toys and kids' consumer merchandise. It was acquired by Striders Impex on March 29, 2025. The subsidiary maintains a business presence in several international markets, including the Netherlands, Finland, the United States, the United Kingdom, and Germany.

The financial performance of Striders FZ has shown growth over the past three years. For the financial year ended March 31, 2026, the subsidiary reported a turnover of USD 1,401,878. This represents an increase from the previous financial year's turnover of USD 12,86,241. The company will make necessary filings under the Foreign Exchange Management Act, 1999, and other applicable laws to facilitate the investment. The acquisition process is expected to be completed within approximately 8-10 months.

Financial Performance of Striders FZ

Striders Impex has entered into a merchandise license agreement with Hasbro Consumer Products Licensing Limited, granting the company rights to manufacture and sell products based on globally recognized brands in India until December 31, 2029. This strategic move allows Striders Impex to expand its product portfolio by leveraging popular licensed properties including Peppa Pig, Play-DOH, My Little Pony, and Transformers. The agreement covers the development, design, manufacture, distribution, and sale of licensed articles and marketing materials within the country.

Agreement Details

The licensing arrangement is non-exclusive and specifically targets the Indian market. It authorizes Striders Impex to produce a wide range of categories such as merchandise, games, toys, and stationery. The company disclosed these details in a filing submitted to the National Stock Exchange of India Limited on June 23, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing confirmed that there is no shareholding by Striders Impex in the licensor entity, and the transaction does not involve related parties. The agreement was signed by Shweta Mahadeo Dagade, Company Secretary & Compliance Officer of Striders Impex Limited.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE1XWN01017/29cfc30a95c844ee.pdf