Xpro India Expands Global Reach with New UAE Subsidiary

On June 3, 2024, Xpro India Limited informed the stock exchanges that the company had incorporated a subsidiary, namely Xpro Dielectric Films FZ-LLC, in the Emirate of Ras Al Khaimah, United Arab Emirates.

Details of the Newly Incorporated Company

The newly incorporated subsidiary is a Free Zone Limited Liability Company. Xpro Dielectric Films FZ-LLC will be involved in the business of Dielectric Films and other activities incidental to it.

This subsidiary was incorporated to expand the global footprint and reach of Xpro India Limited’s products.

The cost of acquisition involves subscribing to 2,000 shares at a price of AED 1,000 each. This acquisition represents 100% shareholding, with the total number of shares acquired being 2,000.

Xpro Dielectric Films FZ-LLC, established as a Free Zone Limited Liability Company on May 21, 2024, fulfilled all registration requirements under the Ras Al Khaimah Economic Zone Authority’s Company Regulations by June 3, 2024. It aims to engage in the production of Dielectric Films and related activities. However, the subsidiary has not yet initiated business operations.

Meanwhile, in Q4 FY 2024, Xpro India Limited reported revenue of operations at ₹128.4 crore, which grew by 3.3% compared to the same period in FY 2023 and Profit After Tax (PAT) at ₹12.4 crore, which is up by 16.5% QoQ and 191.3% YoY. In the quarter ended March 2024, the company reported EBITDA of ₹16.8 crore, which declined by 12.8%, compared to ₹19.3 crore in Q4 FY 2023.

About Xpro India Limited

XPRO India Ltd is a diversified, multi-divisional, multi-locational company with a substantial commitment to polymer processing as an industry and robust governance practices in its management. The company primarily operates in polymer processing across various sites and is a prominent manufacturer in India specialising in Coextruded Plastic Films, thermoformed liners, and speciality films, including dielectric films and specialised BOPP Films.

On June 4, 2024, the share price of Xpro India Ltd opened at ₹980.00, touching the day’s high at ₹982.00, as of 10:09 AM on the NSE.

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