Adani Ports and Special Economic Zone Limited (APSEZL) announced the incorporation of a new Wholly Owned Subsidiary (WOS), Astro Offshore ME Ltd, on February 24, 2026. This new entity is incorporated in the UAE and is a step-down subsidiary via Astro Offshore PTE Ltd. The primary business activity of the new subsidiary will be Ships Management and Operation, further expanding APSEZL’s global maritime services footprint.
Corporate Restructuring and Subsidiary Formation
Adani Ports and Special Economic Zone Limited (APSEZL) has formally informed the stock exchanges regarding the creation of a new subsidiary. The company’s 80% owned step-down subsidiary, The Adani Harbour International DMCC, holds its stake through Astro Offshore PTE Ltd (a wholly owned subsidiary of Sunrise Worldwide Enterprise Limited, BVI). This chain of ownership culminates in the formation of the new entity.
Details of the Newly Incorporated Entity
The newly established company is named Astro Offshore ME Ltd. It was incorporated on February 24, 2026, in the UAE. This new entity is classified as a Wholly Owned Subsidiary (WOS) of Astro Offshore PTE Ltd.
Business Focus and Capitalization
The core business focus for Astro Offshore ME Ltd will be in Ships Management and Operation. The entity was incorporated with an authorized capital consisting of 50 shares, with each share valued at USD 1000. Consequently, Astro Offshore PTE Ltd holds 100% of the shares in the new subsidiary, ensuring complete control.
Regulatory Compliance
This intimation is made under the relevant regulations governing Listing Obligations and Disclosure Requirements. The disclosure includes all requisite details concerning the incorporation, ownership structure, and planned business activities of the new subsidiary.
Source: BSE
