East West Freight Carriers Limited has successfully incorporated its wholly-owned subsidiary, East West Advance Systems Private Limited, with the Registrar of Companies, Mumbai Maharashtra on 13th November, 2026. This follows the company's earlier intimation dated 3rd October, 2026 regarding the proposed incorporation.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Subsidiary Details:
- Name: East West Advance Systems Private Limited
- Date of Incorporation: 13th November, 2026
- Authorized Capital: ₹5,00,000 (divided into 50,000 equity shares of ₹10 each)
- Paid-up Capital: ₹1,00,000 (divided into 10,000 equity shares of ₹10 each, fully subscribed)
- Business Focus: Information Technology (IT), Software-as-a-Service (SaaS), Deep-Tech (Artificial Intelligence/Machine Learning/IoT), Electronics Manufacturing & Turnkey Systems Integration
- Location: Mumbai, Maharashtra
Transaction Details:
- Nature of Acquisition: 100% subscription to initial paid-up share capital
- Consideration: Cash payment of ₹1,00,000 (Rupees One Lakh only)
- Price per Share: At face value of ₹10 per share
- Completion Date: 13th November, 2026
- Related Party Status: Yes, as the target entity becomes a wholly-owned subsidiary
Business Rationale:
East West Advance Systems Private Limited is being incorporated to act as a turnkey systems integrator and technology provider. No governmental or regulatory approvals were required for this incorporation.
Financial Impact:
The transaction involves a cash outflow of ₹1,00,000 for 100% ownership of the subsidiary. The subsidiary has no historical turnover as it is newly incorporated.
The company has submitted the requisite details as required under Regulation 30 of the Listing Regulations read with the SEBI Master Circular through Annexure-A.