Chartered Logistics Allots 35 Lakh Equity Shares Upon Warrant Conversion

Chartered Logistics Limited , a premium logistics company, has announced a significant corporate action involving the conversion of convertible warrants into equity shares. The company's board of directors approved the issuance and allotment of 35,00,000 equity shares, each with a face value of ₹1, following the conversion of an equal number of convertible warrants.

Key Details of the Allotment

The allotment details are as follows:

Allottee	Number of Shares Allotted
V M Patadia (HUF)	5,00,000
Niranjan Pragji Thakkar	10,00,000
Agrawal Archit Ramratan	10,00,000
Agrawal Raghav B	10,00,000

Financial Implications

Exercise Price: The company received ₹2.05 crore as the remaining exercise price, calculated at ₹5.85 per warrant.
Total Warrant Price: The total warrant exercise price was ₹7.80 per warrant.
Capital Structure Change: Following this allotment, Chartered Logistics' paid-up share capital increased from ₹12.36 crore to ₹12.71 crore.

Impact on Shareholders

The newly allotted equity shares rank pari passu with the existing equity shares in all respects, including dividend rights. This means that the new shares have equal footing with the previously issued shares, ensuring fair treatment for all shareholders.

Corporate Governance

The allotment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting where this decision was made commenced at 15:00 PM and concluded at 15:40 PM.

This corporate action demonstrates Chartered Logistics' commitment to its growth strategy and potentially signals investor confidence in the company's future prospects. However, shareholders and potential investors should always conduct their own research and consider seeking professional advice before making investment decisions based on such corporate actions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.46%	-3.51%	-6.90%	-14.32%	-31.30%	+90.26%

Chartered Logistics Limited has taken a significant financial step as its Board of Directors approved borrowing from Poonawala Fincorp Limited. The decision was made during a board meeting held on September 20, 2025, at the company's registered office in Ahmedabad.

Key Details of the Board Meeting

Date and Time: September 20, 2025, from 2:00 PM to 3:00 PM
Venue: Registered office of Chartered Logistics Limited
Key Decision: Approval of borrowing from Poonawala Fincorp Limited
Legal Basis: Approval granted under section 179 of the Companies Act, 2013

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Chartered Logistics promptly disclosed the outcome of the board meeting. Ms. Hirvita Shah, the Company Secretary and Compliance Officer, communicated the decision to BSE Limited as part of the company's regulatory disclosure requirements.

Company Profile

Chartered Logistics Limited, with its registered office in Ahmedabad, operates in the logistics sector. The company's vision is "To be a premium logistics company with focus on better than the best," while its mission statement emphasizes delivering delight to customers, stakeholders, and employees.

Implications

While the specific details of the borrowing arrangement with Poonawala Fincorp Limited were not disclosed, this decision suggests that Chartered Logistics may be looking to strengthen its financial position or fund potential growth initiatives. The move could have implications for the company's capital structure and future operations.

Investors and stakeholders will likely be keen to learn more about the terms of the borrowing and how Chartered Logistics plans to utilize these funds to drive value for the company.