Date: September 24, 2026

Board Meeting Outcomes

The Board of Directors meeting was held on September 24, 2026, commencing at 12:30 PM and concluding at 12:57 PM. The Board considered and approved the following:

  • Investment in associate company Allcargo Group Services Private Limited by subscribing to 60 equity shares (face value of ₹10 each) at a value of ₹1,76,840 issued by the target entity on rights basis

Investment Details

Target Entity: Allcargo Group Services Private Limited

Industry: Business Support Services

Authorized Capital: ₹1,00,00,000 (Rupees One Crore Only) divided into 10,00,000 equity shares of ₹10 each

Investment Type: Rights Issue subscription

Number of Shares: 60 equity shares

Face Value per Share: ₹10

Total Consideration: ₹1,76,840

Payment Method: Cash consideration through banking channels

Completion Timeline: On or before September 30, 2026

Existing Shareholding: 25%

Post-Investment Shareholding: No change in shareholding percentage

Related Party Considerations

Allcargo Group Services Private Limited is an associate company and constitutes a "Related Party" under the Companies Act, 2013. However, the subscription pursuant to a Rights Issue does not fall under the definition of Related Party Transactions under Regulation 2(1)(zc) of the SEBI Listing Regulations. Despite this, requisite approval of the Audit Committee has been obtained as a matter of good governance.

Promoters and Promoter Group have interest in the Target Entity through entities including TransIndia Real Estate Limited, Allcargo Terminals Limited, Allcargo Global Limited, and Allcargo Logistics Limited. The investment is being done at arm's length.

Target Entity Background

Date of Incorporation: September 1, 2018

Country of Operation: India

Turnover History:

  • FY 2025-26: ₹18,00,000
  • FY 2024-25: ₹2,729
  • FY 2023-24: Nil

Rationale for Investment

To enable all group companies making investment in the Target Company to participate in the profits and contribute to its governance commensurate with their respective shareholding, and to ensure allocation of corporate and shared service costs amongst group entities.

Regulatory Approvals

No governmental or regulatory approvals are required for this acquisition.