East West Freight Carriers Limited has notified stock exchanges that it does not meet the criteria for classification as a large corporate entity under SEBI's debt securities regulations as of March 31, 2026. The company communicated this status update to BSE Limited and The Calcutta Stock Exchange Limited on April 23, 2026.

Regulatory Compliance Status

The company's disclosure relates to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which addresses fund raising by issuance of debt securities by large entities. According to the company's statement, it does not fulfill the criteria specified under paragraph 2.2 of the mentioned SEBI circular.

Company Information

East West Freight Carriers Limited, formerly known as East West Holdings Ltd, operates as authorized clearing and freight forwarding agents. The company is registered with CIN No. L74110MH1981PLC298496 and maintains its registered office at 62, Adarsh Industrial Estate, Sahar Road, Chakala, Andheri (East), Mumbai - 400 099.

Stock Exchange Details

The company trades on multiple exchanges with the following scrip codes:

Disclosure Implications

Since the company does not qualify as a Large Corporate under the SEBI circular, the initial and annual disclosure requirements under paragraph 4 of the regulation are not applicable. This exemption means the company is not required to comply with the specific reporting obligations mandated for large entities under the debt securities framework.

The notification was signed by CS F. Kanojia, Company Secretary and Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders regarding the company's status under SEBI regulations.

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.