Storage Technologies & Automation Limited Expands into UAE with New Subsidiary

1 min read Updated on 22 Sept 2025, 03:55 PM

Reviewed by

Riya DeyScanX News Team

Overview

Storage Technologies & Automation Limited has incorporated a wholly owned subsidiary, Racks and Rollers FZ LLC, in the United Arab Emirates on September 19, 2025. The new entity, with a share capital of 100,000 AED, will focus on designing storage racking systems, manufacturing automated warehouses, and installing storage solutions. This move aligns with the company's international expansion strategy and core competencies. The company has informed the Bombay Stock Exchange about this development in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Storage Technologies & Automation Limited (BSE: 544171), a leader in storage solutions, has announced the incorporation of a wholly owned subsidiary in the United Arab Emirates. The new entity, named Racks and Rollers FZ LLC, was established on September 19, 2025, marking a significant step in the company's international expansion strategy.

Key Details of the New Subsidiary

Name: Racks and Rollers FZ LLC
Location: United Arab Emirates
Share Capital: 100,000.00 AED
Ownership: 100% held by Storage Technologies & Automation Limited

Business Focus

Racks and Rollers FZ LLC will operate in the following areas:

Designing storage racking systems
Manufacturing automated warehouses
Installing various storage solutions

This move aligns with Storage Technologies & Automation Limited's core competencies, potentially strengthening its position in the Middle Eastern market.

Regulatory Compliance

The company has duly informed the Bombay Stock Exchange about this development, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official intimation was made on September 22, 2025, following the receipt of incorporation information from the company's consultant.

Management Statement

Mohammad Arif Abdul Gaffar Dor, Managing Director of Storage Technologies & Automation Limited, signed the regulatory filing, underlining the strategic importance of this new subsidiary.

Market Implications

The establishment of Racks and Rollers FZ LLC represents Storage Technologies & Automation Limited's commitment to global expansion and diversification of its operational base.

Investors and market watchers will likely keep a close eye on how this UAE subsidiary contributes to the parent company's growth and market presence in the coming quarters.

For more information, stakeholders can visit the company's website at www.racksandrollers.com , where this announcement will also be hosted.

Note: This article is based on the company's regulatory filing and does not include any forward-looking statements or financial projections.

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