Rajvi Logitrade Limited has made a regulatory disclosure pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically under Regulation 30. The disclosure intimates the execution of new commercial vehicle lease agreements and the cancellation of previous agreements.
Key Agreements and Financial Terms
Agreement 1 - With Bhupendrasinh Dalpatsinh Rana:
- Canceled existing lease for 33 vehicles.
- New lease agreement for 44 commercial vehicles.
- Lease duration: 11 months commencing 01st June, 2026.
- Monthly lease rental: ₹15,40,000 (Rupees Fifteen Lakh Forty Thousand Only) plus applicable GST.
- Refundable security deposit: ₹3,11,00,000 (Rupees Three Crore Eleven Lakh Only).
- Security deposit carries interest at 9% per annum.
- No special rights applicable to this transaction.
Agreement 2 - With Rajvi Cargo Movers Private Limited:
- Canceled existing lease agreement.
- New agreement for 3 commercial vehicles.
- Lease duration: 11 months commencing 01st June, 2026.
- Monthly lease rental: ₹1,00,000 (Rupees One Lakh Only) plus applicable GST.
- Refundable security deposit: ₹21,00,000 (Rupees Twenty One Lakh Only).
- Security deposit carries interest at 9% per annum.
- No special rights applicable to this transaction.
Related Party Status
- The agreement with Bhupendrasinh Dalpatsinh Rana constitutes a related party transaction as Mr. Rana is the brother of Mr. Narendrasinh Dalpatsinh Rana, who is a Promoter and Director of the company.
- This transaction was conducted at "arm's length basis."
- The agreement with Rajvi Cargo Movers Private Limited does not involve related parties.
Purpose of Agreements
The purpose of entering into these agreements is to take commercial vehicles on lease, which offers flexibility in fleet size management and helps optimize costs during slower business periods. Additionally, it supports operational efficiency by enabling the company to meet increased customer demand in a timely and effective manner.