Cella Space Limited has successfully completed the acquisition of Vijay Logistics Parks Private Limited (VLPPPL), making it a wholly owned subsidiary effective February 17, 2026. The company disclosed this development to BSE Limited under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Acquisition Details

The acquisition involved the purchase of 10,000 equity shares of Rs. 10 each, representing 100% shareholding in VLPPPL. The transaction was completed through cash consideration, with the total cost of acquisition being Rs. 1,00,000.

Target Company Profile

Vijay Logistics Parks Private Limited was incorporated under the Companies Act, 2013 on November 28, 2025. The company operates in the industrial warehousing sector and is currently engaged in the business of buying and selling of land and development of industrial parks.

Strategic Rationale

The acquisition supports Cella Space Limited's existing business objectives in developing industrial parks. According to the company's disclosure, this investment will help in the furtherance of its core business activities in the industrial development sector.

Regulatory Compliance

The acquisition does not fall within the ambit of related party transactions, and the promoter/promoter group/group companies of Cella Space Limited have no interest in VLPPPL. No governmental or regulatory approvals were required for this acquisition, and the transaction has been completed as disclosed.

Company Information

Cella Space Limited, with CIN L93000KL1991PLC006207, has its registered office at "Sree Kailas", 57/2993-94, Paliam Road, Ernakulam, Cochin-682016. The disclosure was signed by S Rajkumar, Vice Chairman & Managing Director (DIN: 01790870), following the outcome of the Board meeting communicated on January 23, 2026.

Cella Space Limited has issued a revised disclosure to BSE on February 6, 2026, regarding director re-appointment and penalty matters under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure supersedes earlier filings dated January 23, 2026, and January 27, 2026.

Director Re-appointment Details

Mr. Akhilesh Agarwal (DIN: 00918838) ceased to be Independent Director of the company upon completion of one term of five consecutive years on September 11, 2025. The company acknowledged that due to oversight, these details were not filed with the stock exchange within the required 24-hour timeframe.

Mr. Agarwal brings over 20 years of experience in the stock market and serves as a national executive member of the Stock Broker Association. His re-appointment is subject to shareholder approval, and the company emphasizes full compliance with Regulation 17 regarding board composition at all times.

BSE Penalty Matter

BSE Limited has levied a penalty on the company for alleged non-compliance with regulatory requirements. The penalty relates to non-submission of auditor's report along with financial statements for the year 2016-17 under Regulation 33 of SEBI LODR Regulations.

Company Response and Impact

Cella Space Limited has paid the applicable penalty to BSE but has simultaneously made a representation for waiver of the Rs. 16,68,947/- penalty amount. The company states that there is no material impact on its financial, operational, or other activities due to this penalty matter.

The revised disclosure ensures compliance with sub-para 20 of Para A of Part A of Schedule III of SEBI LODR Regulations, 2015, and provides comprehensive details as required under the regulatory framework. The company has requested BSE to ignore the earlier disclosures and take the current revised disclosure on record.