Sita Enterprises Ltd has shifted its registered office within the local limits of Mumbai, effective July 1, 2026. The company's board approved the change during a meeting held on the same day, relocating the corporate address from Tardeo to Goregaon East.

The decision to move the registered office was taken pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting, which commenced at 1.30 PM and concluded at 2 PM, was chaired to approve this inter-alia agenda item.

The transition involves moving from the existing premises at Arun Chambers on Tardeo Road to a new location at Express Zone Mall on the Western Express Highway. Both locations are situated in Mumbai, ensuring the change remains within the same city limits as required.

Address Change Details

The following table outlines the specific address changes approved by the board:

The communication regarding this change was submitted to the Bombay Stock Exchange Limited by Harsh Jitendra Gandhi, Executive Director & CFO of Sita Enterprises . The exchange has been requested to take the information on record.

Technological advancements reduced mishandled baggage rates by 23% in 2025, yet the financial impact remains a significant burden on the airline industry. Mishandling still costs the sector $6.3 billion annually, equivalent to approximately 15% of total airline industry profit. The average cost per mishandled bag has risen to $260, replacing the previous benchmark of $150. With net profit averaging just $8 per passenger, a single mishandled bag wipes out the profit from more than 30 seats sold.

According to the 2026 SITA Baggage IT Insights Report, the mishandling rate dropped to 4.9 per 1,000 passengers, while total mishandled volumes fell 19% to 24 million bags. These figures are now below pre-pandemic levels. Passenger numbers rose to 5 billion globally in 2025, up from 4.8 billion in 2024, placing increasing pressure on infrastructure. The report notes that mishandling has fallen by close to three-quarters since 2007.

The improvement in 2025 is attributed to a shift in system connectivity rather than a single technology. Key drivers include real-time data sharing, AI routing, biometric bag drop, and connected passenger devices. Nicole Hogg, Portfolio Director Baggage at SITA, stated that baggage is shifting from a logistical problem to a digital service, with passengers expecting real-time visibility.

Real-world implementations demonstrate the efficacy of these technologies. Apple’s Find My integration with SITA WorldTracer® cut permanently lost luggage by 90% in its first year and shortened delayed-bag recovery by 26%. Thai Airways utilized SITA’s Auto Reflight to compress a three-minute task to a single second per bag across nine airports. SITA also integrated Google’s Find Hub share item location feature into WorldTracer®.

David Lavorel, CEO at Sita Enterprises, emphasized that data, AI, and predictive operations allow airports to maximize existing infrastructure. He noted that solutions such as Total Airport Management apply this approach across the entire lifecycle, enabling airports to absorb growth without expanding their physical footprint.

Future Outlook and Costs

The report identifies delayed bags as the largest cost component, accounting for around 70% of total mishandling costs, primarily due to recovery and rerouting expenses. For lost or damaged bags, compensation represents up to 70% of the cost. Transfers remain the core driver of mishandling incidents, responsible for 39% of cases in 2025, down from 41% in the previous year.

Looking ahead, three in four airlines plan to invest in AI over the next two years, and half intend to provide passengers with real-time baggage updates. Industry-wide baggage tracking under IATA Resolution 753 has surpassed the 50% mark, with full compliance targeted for 2027. Future innovations include tagging bags at home and allowing bags to travel independently of the passenger.