ELGI Compressors USA Inc., a wholly-owned subsidiary of ELGI Equipments Limited, has successfully incorporated a new wholly-owned subsidiary named “ELGI Equipments Arabia Company”. The incorporation took place in the Kingdom of Saudi Arabia on February 19, 2026. The new entity aims to conduct business operations within Saudi Arabia, with an initial capital contribution of 100,000 SAR, fully subscribed by the US subsidiary.
Establishment of New International Subsidiary
ELGI Equipments Limited has announced a key organizational development involving its wholly-owned subsidiary, ELGI Compressors USA Inc. The US entity has established a new wholly-owned subsidiary in the Middle East, officially named “ELGI Equipments Arabia Company”.
Incorporation Details
The incorporation date for the new entity was February 19, 2026, and its jurisdiction of establishment is the Kingdom of Saudi Arabia. The commercial registration for the new company was formally received by the parent company on February 20, 2026.
Ownership and Business Objectives
The relationship structure confirms that ELGI Equipments Arabia Company is a step-down wholly owned subsidiary of the Listed Entity, ELGI Equipments Limited, with ELGI Compressors USA Inc. serving as the direct holding company. The primary objective of the newly formed company will be to carry on the business operations in the Kingdom of Saudi Arabia, focusing on the provision of marketing services related to Air Compressors on behalf of others.
Capitalization Details
The consideration for the establishment was made via Cash. The Proposed Capital Contribution by ELGI Compressors USA Inc. amounts to 100,000 SAR. The Listed entity, via its US subsidiary, will hold 100% of the shares in ELGI Equipments Arabia Company.
Source: BSE
