Timescan Logistics (India) Limited — Important, 22-04-2025: General Updates

Timescan Logistics (India) Limited has incorporated a subsidiary company, Timescan Logistics LLC, in Dubai, with an initial subscribed capital of 3,00,000 UAE Dirhams. Timescan Logistics LLC will operate in the warehousing and storage management industry and currently has no turnover as it has yet to commence business operations. Timescan Logistics (India) Limited holds a 75% stake in the new entity, with an initial subscription of 2,25,000 UAE Dirhams. This strategic move expands Timescan's operational footprint, presenting potential growth opportunities in the Middle Eastern market. Investors may view this development positively, as it signifies the company's commitment to expanding its global presence and diversifying its business operations.