Cargosol Logistics Limited has incorporated a new wholly owned subsidiary, Cargosol UK Limited, in the United Kingdom. The entity was registered on October 12, 2026, under the jurisdiction of the Registrar of Companies for England and Wales.

This strategic move aims to undertake logistics business and allied activities within the region. The incorporation was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary details

The new entity operates within the logistics industry. It is a 100% owned subsidiary of the listed parent company. The consideration for the shares was provided via subscription to ordinary shares of the proposed company.

The company stated that the object of this incorporation is to expand its footprint in the logistics sector. No prior turnover data is available for the newly formed entity. The regulatory approval for the company's formation was granted by the Registrar of Companies for England and Wales.

Cargosol Logistics appointed Charmi Monil Shah as an Additional Director and Non-Executive Independent Director effective September 29, 2026.

The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. The decision was taken during a board meeting held on Tuesday, September 29, 2026, which commenced at 4:00 pm and concluded at 4:30 pm.

Appointment terms and regulatory compliance

Shah has been appointed as an Independent Director for a term of 5 years, not liable to retire by rotation. This appointment is subject to the approval of the shareholders in accordance with regulatory requirements.

The company disclosed that Shah satisfies the criteria of independence prescribed under the Companies Act, 2013, and SEBI Listing Regulations. She is not related to any director of the company and is not debarred from holding the office of director by any SEBI order or other authority.

Professional background

Shah brings 12 years of experience in audit and surveillance of franchisee and branch operations. Her expertise includes ensuring compliance, streamlining processes, and driving operational excellence within corporate structures.

The intimation was filed with BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also made the disclosure available on its official website.