East west holdings freight carriers has informed BSE Limited about the interim order received from the National Company Law Tribunal (NCLT) Mumbai Bench regarding its share consolidation petition. The company filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Consolidation Details

The company has filed a petition under Section 61(1)(b) of the Companies Act, 2013, read with Rule 35 and Rule 71 of the National Company Law Tribunals Rules, 2016. The petition seeks consolidation of shares by increasing the face value from Rs. 2 per share to Rs. 10 per share.

NCLT Proceedings Timeline

The petition was originally filed before the National Company Law Tribunal, Mumbai Bench on June 27, 2025. The Hon'ble Tribunal admitted the petition on February 24, 2026, and the matter was heard on April 8, 2026.

During the hearing, the company's counsel informed the tribunal that compliance with the previous order dated February 24, 2026 had been completed. The order had directed the company to serve copies of the petition on certain authorities.

Current Status and Next Steps

The company has received observations from the Registrar of Companies (RD) and clarifications were sought by BSE Limited. While the company has provided clarifications to BSE, a formal letter from the exchange is still awaited.

The NCLT has granted the company two weeks to file a rejoinder in respect of the observations made by the RD. The tribunal, comprising Member (Judicial) Sh. Nilesh Sharma and Member (Technical) Sh. Charanjeet Singh Gulati, has scheduled the next hearing for June 17, 2026.

Regulatory Compliance

The company has duly informed both BSE Limited (Scrip Code: 540006) and The Calcutta Stock Exchange Limited (Scrip Code: 028105) about the NCLT proceedings as part of its disclosure obligations under SEBI regulations.

East west holdings freight carriers announced significant board changes and issued a postal ballot notice seeking shareholder approval for the regularisation of its newly appointed independent director. The company informed BSE Limited about these developments under Regulation 30 of SEBI listing requirements.

New Independent Director Appointment

The board approved the appointment of Mr. Manish Synghal (DIN: 01450135) as Additional Director in the category of Non-Executive Independent Director on April 1, 2026. The appointment requires shareholder approval through postal ballot process.

Manish Synghal brings over 30 years of strategic and operational expertise as Founder and Managing Director of Dimaz Group. He holds an M.Tech in Automation and provides leadership across diversified subsidiaries including Dimaz Aviation Pvt. Ltd., Dimaz Transworld Pvt. Ltd., Dimaz Agastyaa Productions Pvt. Ltd., Manas Healthcare Pvt. Ltd., and Albatross Exports & Imports. His experience spans aviation, travel and tourism, international cargo, healthcare, education, events, and film production sectors.

Postal Ballot Notice and E-Voting Process

The company issued a postal ballot notice on April 1, 2026, for the regularisation of Mr. Manish Synghal as Independent Director. The e-voting process has been arranged through NSDL (National Securities Depository Limited) to enable shareholders to cast their votes electronically.

The notice is available on the company's website at www.ewfcpl.com , BSE website, and NSDL's e-voting portal. Only shareholders whose names appear in the register of members as on the cut-off date are eligible to vote.

Board Committee Reconstitution

The board approved the reconstitution of three key committees with the inclusion of the new director:

Audit Committee:

Stakeholder Relationship Committee:

Nomination and Remuneration Committee:

Professional Background and Recognition

Synghal has been recognized for building high-performance teams, forging strategic partnerships, and implementing scalable solutions that deliver sustained commercial impact. Under his leadership, the Dimaz Group has achieved significant market traction through innovation and disciplined execution. In 2012, he was honored by Russia with a distinguished medal for his contributions to Indo-Russian tourism relations.

Currently, he serves as President of The IATA Agents Association of India – Maharashtra Chapter, where he champions industry collaboration, regulatory engagement, and best practices to advance the aviation and travel sectors. The company confirmed that Synghal is not related to any existing directors and is not debarred from holding directorship by any regulatory authority.

The resolution, if passed by requisite majority, will be deemed to have been passed on May 7, 2026. The board meeting was conducted from 3:00 p.m. to 4:00 p.m. (IST) on April 1, 2026.