Skyways invests AED 1.2Mn in Dubai subsidiary for working capital

Skyways Air Services Limited, formerly operating under the name Skyways Air Services Private Limited, has officially declared a strategic financial initiative aimed at fortifying its Middle Eastern logistics operations. According to the latest regulatory disclosures submitted to the prominent financial exchanges, the integrated logistics and transportation provider is injecting additional equity into its foreign subsidiary, Skyways SLS Cargo Services LLC, which is incorporated and headquartered in Dubai, United Arab Emirates. The formal intimation was meticulously executed pursuant to Regulation 30, read in conjunction with Regulation 30(4), of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring complete alignment with statutory market transparency protocols.

This strategic investment comprises a direct cash consideration specifically engineered to bolster the subsidiary's financial liquidity and operational bandwidth. Skyways Air Services Limited is set to subscribe to additional equity share capital for an aggregate amount not exceeding AED 1,203,840. To provide a broader financial perspective, this capital commitment translates to approximately $327,888 and ₹3,13,29,824.80. The financial injection is structured precisely across 198 newly issued shares. These additional shares carry a standard face value of AED 1,000 per share, which is complemented by a substantial share premium of AED 5,080 per share. Upon the successful finalisation of this equity subscription, Skyways Air Services Limited will continue to command a decisive 90% controlling stake in the United Arab Emirates-based enterprise.

The principal objective underpinning this acquisition of supplementary equity is to adequately finance the ongoing working capital requirements of the Dubai subsidiary. As explicitly outlined in the regulatory filings directed to the National Stock Exchange of India Limited and BSE Limited, this strategic financial allocation qualifies as a related-party transaction. The promoters of Skyways Air Services Limited maintain a beneficiary interest in the target entity owing to its direct subsidiary classification. Nevertheless, the parent organisation has categorically affirmed that the entire transaction is being conducted strictly on an arm's-length basis, thereby safeguarding corporate governance standards. The projected timeline for the formal completion of this acquisition spans approximately thirty days. Furthermore, the company has noted that no specific governmental or regulatory approvals have been identified as mandatory prerequisites for this investment to proceed.

Skyways SLS Cargo Services LLC is actively engaged within the highly competitive integrated logistics, transportation, and freight forwarding sector. The entity operates from its registered corporate office situated at 202 B, 2nd Floor, Bin Khedia Centre, Block A, AL Garhoud, Dubai-62419, UAE. Officially incorporated on the 7th of August 2021, the firm has navigated fluctuating commercial cycles over the past three financial years. The subsidiary's annual turnover was recorded at ₹25.73 Crores for the financial year 2023-24. This financial metric witnessed a robust escalation to ₹85.57 Crores during the subsequent 2024-25 financial year. Most recently, the operational turnover was reported at ₹39.39 Crores for the financial year 2025-26.

The comprehensive regulatory filing detailing these operational and financial metrics was officially authorised by Hitesh Kumar, the designated Company Secretary cum Compliance Officer for the parent organisation. This equity expansion solidifies the firm's overarching strategy to scale its international footprint whilst reinforcing the structural and financial foundations of its core regional hubs across the Middle East.