Jinkushal Industries has incorporated a wholly owned subsidiary, HEXCO GLOBAL HK LIMITED, in Hong Kong to support and expand the group's international business activities in the East Asia region. According to the latest regulatory filing, the subsidiary was incorporated on 10 September 2026 under the name HEXCO GLOBAL HK LIMITED. The new entity will be engaged in the sale and purchase of heavy equipment, machinery, machinery spare parts and allied activities, with Jinkushal Industries holding 100% ownership of the subsidiary. As reported by the company, the subsidiary is currently in the initial setup phase and has not commenced commercial operations.
The subsidiary has a paid-up capital of 100 ordinary shares of $1,000 each, aggregating to $100,000. As reported by the company, the entire subscription to the share capital will be made by Jinkushal Industries through a cash contribution. HEXCO GLOBAL HK is currently at the initial incorporation and commercial establishment stage and has not commenced commercial operations. The company stated that the entity has no revenue-generating operations, material turnover or business transactions as of the date of disclosure.
According to the company disclosure, the subsidiary has been incorporated under the laws administered by the Registrar of Companies, Hong Kong Special Administrative Region. Jinkushal Industries operates across three main business verticals: exports of customised and modified new construction machines, exports of used and refurbished construction equipment, and exports of its own HexL brand construction machines. The company also generates a small portion of revenue from construction machine rentals and logistics warehousing, along with limited support for clients selling used construction equipment. The new Hong Kong subsidiary will focus on reinforcing the company's regional footprint in industrial equipment trading across East Asian markets.
On a consolidated basis, Jinkushal Industries' net profit declined 59.36% to ₹2.43 crore while net sales rose 15.87% to ₹56.57 crore in Q1 June 2026 over Q1 June 2025. As reported by the company, further developments requiring disclosure under applicable regulations will be intimated in due course. While there is no immediate impact on the company's financials, the move signals a strategic push into East Asian markets and lays groundwork for future growth in cross-border industrial trade.
