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.

Cella Space Limited successfully conducted its Extraordinary General Meeting (EGM) on April 10, 2026, and subsequently submitted the voting results to BSE under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. The meeting addressed key corporate governance matters and strategic business decisions through video conferencing in compliance with regulatory guidelines.

Meeting Participation and Voting Process

The EGM witnessed participation from shareholders with comprehensive e-voting facilities provided through CDSL platform. The company dispatched notices via email on March 18, 2026, to shareholders registered with Big Share Services Private Ltd, and published advertisements in Financial Express and Deepika on March 19, 2026.

Resolution 1: Director Appointment Results

The first ordinary resolution for the appointment of Mr. Akhilesh Agarwal (DIN: 00918838) as a non-executive, non-independent director received overwhelming support from shareholders.

Resolution 2: Subsidiary Shareholding Authorization

The special resolution for acquisition and divestment of entire shareholding in wholly owned subsidiary as part of real estate business operations also secured the required three-fourth majority.

Regulatory Compliance and Documentation

Ms. N Srividhya, Practicing Company Secretary (Certificate of Practice: 14058), served as the appointed scrutinizer and submitted her consolidated report on April 10, 2026. The scrutinizer confirmed that all electronic votes were properly scrutinized and reviewed based on data downloaded from CDSL's website. Vice Chairman & Managing Director S. Rajkumar signed the official submission to BSE, ensuring compliance with prescribed timelines for disseminating e-voting results along with the consolidated scrutinizer report to stock exchanges, maintaining transparency and regulatory adherence throughout the process.