Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Disclosure pursuant to Regulation 30 of SEBI LODR Regulations, 2015 regarding subscription to rights issue
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
The Board approved subscription to 60 equity shares of Allcargo Group Services Private Limited (AGSPL), an associate company, at an issue price of ₹1,76,840 per equity share (face value ₹10, premium ₹1,76,830 per share). Total investment aggregates to ₹1,06,10,400 (Rupees One Crore Six Lakh Ten Thousand Four Hundred Only).
The subscription maintains the company's existing 25% equity stake in AGSPL and will be made through cash consideration. The transaction is expected to be completed by October 2026.
Other Significant Information:
Target Entity Details:
- Name: Allcargo Group Services Private Limited (AGSPL), formerly known as Allcargo Warehousing Management Private Limited
- Authorized Capital: ₹1,00,00,000 divided into 10,00,000 equity shares of ₹10 each
- Turnover: Nil for last three years
- Date of Incorporation: September 1, 2018
- Industry: Business support services, functioning as a centralized group services/center of excellence platform
- Country of Presence: India
Objects of Acquisition: The subscription is intended for AGSPL to meet its operational and working capital requirements and for other general corporate purposes.