Timescan Logistics (India) Limited — Important, 01-01-2025: General Updates

Timescan Logistics (India) Limited has incorporated a new subsidiary, Timescan Logistics (Malaysia) Sdn. Bhd., in Malaysia. The subsidiary has an authorized and paid-up share capital of 1,000 MYR and will operate within the logistics sector. Timescan Logistics (India) Limited has made an initial subscription of 800 MYR, acquiring an 80% stake in the new entity. Currently, the subsidiary has no turnover as it has yet to commence business operations. This strategic move positions the company to expand its footprint in the Southeast Asian logistics market, potentially enhancing growth prospects. Investors should watch closely for developments regarding the subsidiary’s operational commencement and integration into the overarching business strategy.