Skipper Limited has successfully incorporated a new Wholly Owned Subsidiary (WOS) named SKIPPER LATAM LTDA in São Paulo, Brazil, effective March 16, 2026. This move aligns with the company’s long-term global strategy to expand its trading and marketing footprint beyond India. The subsidiary will focus on the core business of selling Towers and Poles, and Skipper Limited has acquired a 100% stake in the new entity.
Global Expansion Strategy Underway
Skipper Limited announced the formal incorporation of a new overseas Wholly Owned Subsidiary (WOS) as part of its strategic commitment to global market expansion. The new entity, named SKIPPER LATAM LTDA, is established in São Paulo, Brazil. This action is executed as part of the Company’s long-term strategy to create a dedicated platform for trading and marketing its products in the global marketplace.
Details of the New Subsidiary
The subsidiary was officially incorporated on March 16, 2026, with the business registration extract received on March 19, 2026. The primary business objective of SKIPPER LATAM LTDA is the selling of Towers and Poles, including accessories, which is consistent with the main line of business of the parent company.
Capital and Ownership Structure
Skipper Limited has secured a 100% stake in the newly formed company. The initial share capital subscribed by the Company is R$ 1,00,000/- (Brazilian Reals), with plans for further funds to be infused in due course. Since this is a newly incorporated entity, no turnover data is applicable for the subsidiary at this stage.
Related Party Disclosure
The announcement confirmed that SKIPPER LATAM LTDA is considered a related party, as it is the wholly owned subsidiary of Skipper Limited.
Source: BSE
