Amir Chand Jagdish Kumar rises on getting nod to incorporate subsidiary in Singapore
Amir Chand Jagdish Kumar (Exports) is currently trading at Rs. 134.70, up by 0.50 points or 0.37% from its previous closing of Rs. 134.20 on the BSE.
The scrip opened at Rs. 136.00 and has touched a high and low of Rs. 136.45 and Rs. 134.00 respectively. So far 14597 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.95 on 02-Apr-2026 and a 52 week low of Rs. 117.25 on 15-Apr-2026.
Last one week high and low of the scrip stood at Rs. 197.95 and Rs. 117.25 respectively. The current market cap of the company is Rs. 1392.77 crore.
The promoters holding in the company stood at 78.78%, while Institutions and Non-Institutions held 10.02% and 11.20% respectively.
Amir Chand Jagdish Kumar (Exports) has received approval to promote and incorporate a wholly owned subsidiary under the name and style ‘Aeroplane FMCG’ or such other names as may be approved by the concerned authorities in Singapore (subsidiary company) subject to necessary compliances and reporting under the Companies Act, 2013. The board of directors of the company, at their meeting held on May 02, 2026, has inter alia, considered and approved the same.
The company shall subscribe 100% of the total paid up share capital, voting rights and beneficial ownership in the subsidiary company and accordingly shall subscribe 500 Shares of face value of $1 each of the subsidiary company. The proposed company shall carry out the activities related to dealing in Rice and Fast-Moving Consumer Goods (FMCG) Products. The said Investment is within the limits prescribed under Section 186(2) of the Companies Act, 2013.
