Skipper Limited has announced the incorporation of its wholly-owned subsidiary, SKIPPER GRIDTECH Inc, in Texas, USA. This strategic move, effective from October 26, 2026, aims to expand the company’s global footprint. The subsidiary has been capitalized with an initial share capital of up to USD 50,000. This expansion is in line with the company’s growth objectives and will operate under the umbrella of Skipper Limited’s global business strategy.
Skipper Limited Establishes US Subsidiary
Skipper Limited has officially incorporated a new wholly-owned subsidiary, named SKIPPER GRIDTECH Inc, in Texas, USA. This announcement, detailed in a letter dated October 30, 2026, marks a significant step in the company’s international expansion strategy.
Key Details of the New Entity
The newly formed subsidiary, SKIPPER GRIDTECH Inc, was incorporated on October 26, 2026, with its business registration extract received on October 30, 2026. The company has invested up to USD 50,000 in share capital for this entity, acquiring a 100% stake. While the subsidiary is newly incorporated and its turnover is not yet applicable, it is considered a related party to Skipper Limited. The objects for which the corporation is formed are for any and all lawful business purposes permitted under the Texas Business Organization Code.
Regulatory Compliance
This incorporation is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars. The details required under these regulations have been enclosed as Annexure-A, and the information is also being made available on the company’s official website.
Source: BSE
