Timescan Logistics (India) Limited's board has approved the formation of a subsidiary in Indonesia to expand its logistics footprint. The new entity will operate in the logistics and allied services sector, mirroring the parent company's core business activities. This strategic move aims to strengthen the company's presence in international markets, subject to necessary regulatory approvals.

The board meeting, convened on June 24, 2026, at the company's registered office, sanctioned the proposal with Timescan Logistics holding a 95% shareholding in the proposed subsidiary. The specific name for the new entity is yet to be decided. The company stated that the investment amount for the subsidiary will be determined at a subsequent stage and will be disclosed in accordance with applicable laws.

Key Details of the Proposed Subsidiary

The approval was granted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 02:00 P.M. and concluded at 02:30 P.M. on the same day. The formation of the subsidiary remains contingent upon receiving necessary regulatory approvals.

timescan logistics has confirmed to the National Stock Exchange of India Limited that its promoters, along with persons acting in concert, did not create any encumbrance on shares held directly or indirectly during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure remains free of pledged assets for the specified period, complying with regulatory transparency requirements.

The declaration was submitted pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The regulation mandates annual disclosures regarding the encumbrance status of shares held by promoters to safeguard shareholder interests and maintain market integrity.

The confirmation was provided on behalf of all promoters by Moulana Taufeeq Islam. The document, dated April 06, 2026, was dispatched from Chennai and subsequently filed with the exchange on April 07, 2026.

Priya Nagori, Company Secretary & Compliance Officer for Timescan Logistics (India) Limited, formally submitted the disclosure to the exchange. The filing included a request for the information to be placed on record.

The following table summarizes the key details of the regulatory disclosure: