Key Quantitative Figures

  • Number of shares acquired: 1,00,000 equity shares of ₹10 each
  • Total paid-up share capital acquired: ₹10,00,000 (10 lakh rupees)
  • Authorized share capital of target entity: ₹10,00,000
  • Acquisition price: Face value of ₹10 per share
  • Percentage of shareholding acquired: 100.00% of paid-up equity share capital

Parties Involved

  • Acquiring entity: Neptune Logitek Limited (Scrip Code: 544663, Symbol: NEPLOG)
  • Target entity: Neptune Cargo Services Private Limited
  • Directors common to both entities: Mr. Ankit Devidas Shah (Managing Director), Mrs. Reema Ankit Shah, Mr. Nikunj Dhansukhbhai Damani

Transaction Details

  • The acquisition represents 100% of the paid-up equity share capital of Neptune Cargo Services Private Limited
  • The transaction qualifies as a related party transaction due to common directorships
  • Company confirms the transaction was conducted at "arm's length" basis
  • No governmental or regulatory approvals were required for this acquisition

Business Impact

  • The acquisition aligns with Neptune Logitek's strategy of investing in the logistics business
  • The target company will provide freight forwarding services through sea, rail, and road
  • The target company is newly incorporated with no historical financial performance
  • Country of operation: India

Financial Impact

  • Total acquisition cost: ₹10,00,000 (based on face value of shares)
  • The acquisition creates a wholly-owned subsidiary structure
  • No contingent liabilities or additional financial impacts disclosed

Corporate Structure Impact

  • Neptune Cargo Services Private Limited becomes a wholly-owned subsidiary of Neptune Logitek Limited
  • No change in the capital structure of the listed parent company disclosed