Company and Document Details
Background and Reference
The letter refers to the company's Notice dated 6th April 2026 for an EGM held on 4th May 2026. The EGM was concerning a preferential issue of 17,00,00,000 (17 crore) equity shares. These shares were to be issued for consideration other than cash, specifically for the acquisition of Global Impx Inc. (GIX).
Clarification Provided
The clarification specifically addresses Point B.2 of the Explanatory Statement, which mentioned "access to 196.7 acres of contiguous land at Chhatrapur, Odisha." The company clarifies that this statement was intended to describe the total land footprint being aggregated for a proposed project through its entity, Geo Impex Logistics Private Limited ("Geo Impex").
Detailed Land Bank Breakdown
The clarified composition of the ~196.7 acres is as follows:
- 77.446 acres: Already acquired and held by Geo Impex and/or its group entities.
- 17.104 acres: Acquired, but title transfer and mutation formalities are currently under process.
- 58.424 acres: Adjoining government land that has been identified for potential allotment or access under the approved project framework.
- 43.726 acres: Contiguous private/local land parcels that have been identified for future acquisition or facilitation.
Key Clarification Statement
The company explicitly states that the reference to "access to ~196.7 acres" should be understood as describing the consolidated land bank available or being aggregated for the Chhatrapur project. It is not a statement that the entire 196.7 acres was already legally registered in the name of Geo Impex as of the date of the EGM Notice (6th April 2026).
Submission
This clarification is submitted for BSE's information and record.