Global Ocean Logistics India Ltd has approved the incorporation of a wholly owned subsidiary in Hong Kong to expand its international footprint. The company's board sanctioned an investment of up to HK$1,000,000 in the share capital of the proposed entity, which will be named Universal Logistics HK Ltd or such other name as may be approved. This strategic move aims to enhance the company's service offerings in logistics, freight forwarding, and supply chain management across Hong Kong and nearby regions.

The investment will be executed in one or more tranches, depending on requirements and applicable regulations. The subsidiary is expected to be incorporated within 3 to 4 weeks, subject to necessary approvals under the Foreign Exchange Management Act, 1999, and Overseas Investment Rules. The board meeting was convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Particulars of the Subsidiary

The financial impact of this investment is expected to support long-term growth and international business expansion. Niraj Nandkishor Narsaria, Managing Director, oversaw the proceedings. The regulatory filing was submitted to BSE Limited on June 22, 2026, providing prior intimation of the board meeting.

global ocean logistics India Limited has appointed M/s Dharmesh B Mehta & Co as its internal auditor for the financial year 2026-27. The decision was taken at a board meeting held on May 25, 2026, in compliance with Section 138 read with Rule 13 of the Companies (Accounts) Rules 2014, which mandates internal audits for listed companies.

The appointed firm, M/s Dharmesh B Mehta & Co, holds a Certificate of Practice No. 132125W and Membership No. 038242. The firm is registered at B-5, Gurudutt, R B Mehta Marg, Ghatkopar East, Mumbai – 400077, and can be contacted at dharmesh@dbmco.in .

Profile of the Appointed Firm

M/s Dharmesh B Mehta & Co is a well-established firm with over 15 years of experience in statutory audits, internal audits, tax audits, financial advisory, and IPO consultancy services. The firm operates across diverse sectors and is supported by a team of 7 semi-qualified professionals. Its long-standing association with Global Ocean Logistics India Limited is expected to provide a deep understanding of the business, financials, and historical trends, facilitating effective coordination and seamless execution.

Appointment Details