Date: July 01, 2026
Subsidiary Status Change
Allcargo Group Services Private Limited (AGSPL) (formerly Allcargo Warehousing Management Private Limited), a wholly owned subsidiary of Transindia Real Estate Limited, has undergone a significant ownership change. The Board of Directors of AGSPL approved the allotment of equity shares via preferential allotment on a private placement basis to promoter group entities: Allcargo Global Limited, Allcargo Logistics Limited, and Allcargo Terminals Limited.
Consequent to this allotment, Transindia Real Estate Limited's shareholding in AGSPL has been reduced from 100% to 25%. Effective July 01, 2026, AGSPL has ceased to be a wholly owned subsidiary of the Company and is now classified as an Associate Company under Section 2(6) of the Companies Act, 2013.
Financial Impact
As per Annexure-A financial data (based on audited financial statements as of March 31, 2026):
- Turnover: Nil
- Net Worth: ₹1.62 Lakhs
- Contribution to listed entity's consolidated financials: 0.001 (calculated based on subsidiary's contribution)
The disclosure confirms that no consideration was received from this disposal/sale, and the transaction does not represent a sale of undertaking or slump sale.