Cella Space Limited has completed the disposal of its wholly owned subsidiary, Vijay Logistics Parks Private Limited, to Aura Space Industrial Warehousing Private Limited. The transaction was formally concluded on May 14, 2026, in accordance with the company's earlier board-approved strategy of forming wholly owned subsidiaries and subsequently divesting them as opportunities arise. The development was disclosed to BSE under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Background and Board Approval

The company had communicated to BSE on March 13, 2026, following a board meeting, that the Board had accorded its in-principle approval for forming wholly owned subsidiaries and selling them when suitable opportunities emerge. In line with this strategy, the sale agreement for Vijay Logistics Parks Private Limited was entered into on March 18, 2026, with May 14, 2026 set as the expected date of completion — a timeline that was met as scheduled.

Transaction Details

The following key details of the transaction have been disclosed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:

Buyer Profile and Transaction Nature

The buyer, Aura Space Industrial Warehousing Private Limited, does not belong to the promoter or promoter group of Cella Space Limited. The transaction does not qualify as a related party transaction. Additionally, the disposal is not carried out under any Scheme of Arrangement, and slump sale disclosure requirements are not applicable in this case.

Regulatory Compliance

The disclosure was made by S Rajkumar, Vice Chairman & Managing Director of Cella Space Limited, confirming compliance with the applicable SEBI regulatory framework. The subsidiary had contributed nil to the turnover, revenue, income, and net worth of the listed entity during the last financial year, as stated in the regulatory filing.

Cella Space Limited has incorporated five wholly-owned subsidiaries as part of its strategic expansion into industrial warehousing and parks development. The subsidiaries were incorporated between April 7 and April 9, 2026, following the Board's in-principle approval granted during its meeting on March 13, 2026. The company disclosed this development to BSE Ltd on April 18, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The five newly incorporated entities are Landlink Warehousing Private Limited (LWPL), Store Max Logistics Parks Private Limited (SMLPPL), SafeHold Warehousing Private Limited (SWPL), Victara Industrial Parks Private Limited (VIPPL), and Summitra Industrial Ventures Private Limited (SIVPL). Each subsidiary has an authorised share capital of Rs. 10,00,000 and a paid-up capital of Rs. 1,00,000, comprising 10,000 equity shares of Rs. 10 each. The certificates of incorporation were received from the Ministry of Corporate Affairs on April 17, 2026, with specific timing details: LWPL and SWPL at 9:32 p.m. IST, VIPPL at 9:33 p.m., SMLPPL at 11:07 p.m., and SIVPL at 11:32 p.m.

Incorporation Details and Capital Structure

The incorporation dates vary across the subsidiaries, with SMLPPL and SIVPL incorporated on April 7, 2026, while LWPL, SWPL, and VIPPL were incorporated on April 9, 2026. All entities are classified as wholly-owned subsidiaries of Cella Space Limited and are therefore related parties. The company has clarified that beyond this ownership structure, none of the promoters, promoter group, or group companies have any interest in these subsidiaries.

Business Objectives and Strategic Alignment

All five subsidiaries operate in the industrial warehousing sector and share a common business objective of engaging in the buying and selling of land and development of industrial parks. This strategic move aligns with Cella Space Limited's existing business objective of developing industrial parks. The company has stated that these investments will help further its business objectives, though the subsidiaries are yet to commence operations.

The acquisition of 100% shareholding in each subsidiary was completed through subscription to the initial share capital at par value. The cost of acquisition for each subsidiary totals Rs. 1,00,000, representing 10,000 equity shares of Rs. 10 each. Since these are newly incorporated entities, their turnover for the last three years is not applicable, and all subsidiaries have a presence in India.

Regulatory Compliance and Approvals

The disclosure was made in accordance with Regulation 30(6) read with Para A(1) of Part A of Schedule III of the SEBI (LODR) Regulations and the SEBI Circular dated November 11, 2024. The company has confirmed that no additional governmental or regulatory approvals are required for the formation of these subsidiaries. The detailed disclosures for each subsidiary were submitted as separate annexures to the BSE.

The communication was signed by S Rajkumar, Vice Chairman & Managing Director of Cella Space Limited, with DIN 01790870. The company's registered office is located at "SREE KAILAS," 57/2993-94, Paliam Road, Ernakulam, Cochin-682016, and it is listed on BSE with scrip code 532701 and ISIN INE266H01014.