Transaction Details
The equity shares of Comptech Solutions Private Limited (CSPL), a step-down subsidiary of Allcargo Global Limited, have been sold to Transindia Real Estate Limited, a Promoter Group Company. The transaction became effective from July 09, 2026, and consequently, CSPL ceased to be a step-down subsidiary of the Company.
Financial Contribution of Divested Unit
As of March 31, 2026, the divested subsidiary contributed:
- Revenue: ₹2.85 crore
- Net Worth: ₹14.42 crore
Transaction Timeline
- Sale Agreement Date: July 01, 2026
- Expected Completion Date: July 30, 2026
- Effective Date: July 09, 2026
Consideration Details
The consideration received for the transaction is approximately ₹24 crore. The consideration pertains to the subsidiary of the Company, Contech Logistics Solutions Private Limited, which is the holding company of Comptech Solutions Private Limited.
Buyer Information and Relationship
The buyer, Transindia Real Estate Limited, belongs to the promoter/promoter group/group companies. The related party relationship arises mainly due to common promoter control.
Related Party Transaction Status
The transaction falls within Related Party Transaction(s). The Company has obtained an independent valuation report, and the transaction will be undertaken on an arm's length basis.
Additional Information
The transaction does not fall under Scheme of Arrangement (Not Applicable). It is not a slump sale (Not Applicable).
Public Disclosure
This information shall be made available on the company website at https://www.allcargo.global.