Adani Ports and Special Economic Zone (APSEZL) has announced the incorporation of twelve new wholly-owned step-down subsidiaries by its overseas holding entity, Astro Worldwide Investment Limited, BVI. The entities were incorporated in Singapore on February 16, 2026. All new subsidiaries are currently dormant, reporting Nil turnover, and will operate within the Marine / Harbour sector.
Corporate Expansion via Overseas Entities
Adani Ports and Special Economic Zone Limited (APSEZL) has confirmed the creation of twelve new wholly-owned subsidiaries through its chain of international subsidiaries. This action was executed by Astro Worldwide Investment Limited, BVI, on February 16, 2026. Astro Worldwide Investment Limited, BVI, is itself a subsidiary of Sunrise Worldwide Enterprise Limited, BVI, where the Company’s step-down subsidiary, The Adani Harbour International DMCC, holds an 80% stake.
Details of the Incorporated Entities
The twelve new entities, referred to as “Subsidiary Entities,” were incorporated in Singapore. The names disclosed are:
- B316 Pte. Ltd.
- TP16 Pte. Ltd.
- TP27 Pte. Ltd.
- TP28 Pte. Ltd.
- TP29 Pte. Ltd.
- TP30 Pte. Ltd.
- TP31 Pte. Ltd.
- TP32 Pte. Ltd.
- TP33 Pte. Ltd.
- TP34 Pte. Ltd.
- TP35 Pte. Ltd.
- TP36 Pte. Ltd.
Capital Structure and Business Status
For each Subsidiary Entity, the financial structure is identical:
- Authorized Share Capital: 50,000 shares of SGD 1 each.
- Paid-up Share Capital: 50,000 shares of SGD 1 each.
The announcement confirmed that Astro Worldwide Investment Limited, BVI, holds 100% shareholding/control in each newly incorporated Subsidiary Entity. Furthermore, these entities have not yet commenced business operations; consequently, their turnover for the last three years is reported as Nil.
Industry Alignment
The stated business purpose for these new incorporations aligns with the existing core business of the listed entity, as the Subsidiary Entities are set to operate into the Marine / Harbour sector.
Since the acquisition/incorporation is purely an internal structuring exercise by the holding company (Astro Worldwide Investment Limited, BVI), details regarding related party transactions, regulatory approvals, and acquisition costs were deemed Not Applicable.
Source: BSE
