Committed Cargo Care Limited has intimated the National Stock Exchange of India Limited, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the transmission of preferential convertible warrants held by a Promoter Group member, consequent upon his demise. The disclosure, dated May 15, 2026, was filed by Company Secretary and Compliance Officer Charumita Bhutani.

Background: Preferential Warrant Allotment

The Company had allotted convertible warrants on a preferential basis in accordance with the provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, following approval by shareholders at an Extraordinary General Meeting held on January 17, 2025. Pursuant to this, the Company allotted 2,41,666 (Two Lakhs Forty-One Thousand Six Hundred Sixty-Six) convertible warrants to Mr. Devi Prasad, belonging to the Promoter Group category, on February 11, 2025. These warrants entitled him to subscribe to an equivalent number of equity shares upon exercise in accordance with the terms of issue.

Demise of Warrant Holder and Transmission

The Company regrets to inform of the demise of Mr. Devi Prasad on June 19, 2025. Subsequent to his demise, and upon receipt and verification of requisite documentary evidence including nomination records and transmission-related documents, the Company has effected the transmission of the aforesaid 2,41,666 convertible warrants in favour of his nominee and legal successor, Mr. Rajeev Sharma, who belongs to the Promoter category of the Company.

Prior to this transmission, Mr. Rajeev Sharma already held 2,41,667 convertible warrants in his individual capacity pursuant to the same preferential issue. Consequently, post transmission, his total warrant holding has increased to 4,83,333 convertible warrants.

Key Details of the Transmission

The following table, as disclosed in Annexure – A of the Company's filing, summarises the key particulars of the transmission:

Nature of Transaction

The Company has explicitly stated that the aforesaid transmission is being effected in the nature of succession/transmission and does not constitute any fresh allotment, acquisition, transfer, or change in control of the Company. The information has also been made available on the Company's website.

The Board of Directors of Committed Cargo Care Limited convened a meeting on May 11, 2026, approving a series of significant corporate actions, including a new board appointment, a proposed acquisition, and disclosing the outcome of a long-standing GST litigation matter. The meeting commenced at 11:00 A.M. and concluded at 12:50 P.M.

Appointment of Additional Non-Executive Independent Director

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Mrs. Hema Suri (DIN: 10525195) as Additional Non-Executive Independent Director, not liable to retire by rotation, with effect from May 11, 2026. The appointment is for a term of five consecutive years, subject to approval of members at the ensuing General Meeting of the Company.

The following table summarises the key details of the appointment:

Mrs. Hema Suri is a post-graduate in mass communication from the University of Leicester, UK. She brings extensive experience in media, sales, distribution, business scaling, and international marketing, with strong expertise in network expansion, channel optimisation, and developing efficient distribution frameworks. She also possesses a deep understanding of last-mile delivery and supply chain dynamics. She is associated as a director with SBJD Super Foods & Beverages Private Limited and has worked as the representative of a Russian firm, Exset BV, as the Africa Sales Head.

Proposed Acquisition of Ampersand Logistics Private Limited

The board considered and approved the execution of an indicative and non-binding Term Sheet with Ampersand Logistics Private Limited ('Target'), described as a boutique Delhi-based logistics organisation with its principal place of business at Kalkaji, New Delhi. The proposed transaction involves the acquisition of 100% equity of the Target.

The key strategic rationale cited for the proposed acquisition includes:

• Strengthening the company's overseas network relationships
• Expanding its customer base
• Leveraging the promoters' long-standing experience and expertise in the logistics sector
• Enhancing the company's presence in the project logistics business

The company noted that detailed disclosure pursuant to Regulation 30 of the SEBI Listing Regulations will be submitted after the execution of necessary definitive agreements.

GST Litigation: Largely Favourable Order Received

The company disclosed the outcome of a service tax litigation matter that had been pending before the CGST Delhi East Commissionerate. The Office of the Commissioner of Central Tax, GST Delhi East, had originally issued Show Cause Notice No. 31/2020-21 dated December 14, 2020, demanding service tax of Rs. 17,89,97,629/- for the period from April 2015 to June 2017.

The order dated April 24, 2026, passed by the CGST Delhi East Commissionerate, was received by the company on May 11, 2026. The following table summarises the outcome of the litigation:

The order substantially favoured the company, with the larger demand of Rs. 17,80,24,937/- pertaining to the Pure Agent claim under Cargo Handling Services dropped in its entirety, along with consequential interest and penalty. The demand of Rs. 9,72,692/- relating to Goods Transport Agency services under Reverse Charge Mechanism, including Education Cess and Secondary & Higher Education Cess, was confirmed by the adjudicating authority.

The company stated that the order is appealable and that it is in the process of evaluating appropriate legal remedies, with the intention to contest the confirmed demand and penalty before the appropriate appellate forum.