Transaction Details

Brace Port Logistics Limited, a material subsidiary of Skyways Air Services Limited, has entered into a Share Purchase Agreement dated October 28, 2026 to acquire 76% of the existing issued and paid-up equity share capital of Sageroute Logistics Private Limited from its existing shareholders.

Investment Structure and Consideration

The aggregate purchase consideration for the acquisition shall not exceed ₹76,000 (Rupees Seventy-Six Thousand only). Additionally, there will be a subsequent infusion of capital amounting to ₹75,24,000 (Rupees Seventy-Five Lacs Twenty-Four Thousand only). The consideration will be paid in cash.

Shareholding Details

The acquisition involves 7,600 equity shares, representing 76% of the existing issued and paid-up equity share capital of Sageroute Logistics Private Limited, subject to confirmation of the total issued and paid-up equity share capital.

Target Company Information

Sageroute Logistics Private Limited was incorporated on July 28, 2026, and is a newly incorporated entity with no historical turnover. The company operates in the integrated logistics, transportation, freight forwarding, warehousing, and supply chain solutions industry.

The Target Company is incorporated in India and does not have any operational presence in other countries.

Transaction Rationale

The acquisition is intended to expand the business operations of the Company, explore new business opportunities, create operational synergies, and strengthen the Company's business presence.

Regulatory Aspects

The proposed acquisition does not fall within related-party transactions, and the promoter, promoter group, and group companies have no interest in the Target Company. No specific governmental or regulatory approval has been identified as required, subject to confirmation of applicability under relevant laws.

Timeline

The indicative time period for completion of the acquisition is within 30 days from the date of disclosure.

Corporate Structure Impact

Upon completion of the acquisition and fulfilment of applicable statutory requirements, Sageroute Logistics Private Limited will become a subsidiary of Brace Port Logistics Limited and consequently a step-down subsidiary of Skyways Air Services Limited.

Disclosure Compliance

The disclosure is made with reference to SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.