TCC Concept Limited has successfully completed the acquisition of Pepcart Logistics Private Limited for ₹7.5 crores, as disclosed in its regulatory filing dated December 31, 2025. The transaction converts Pepcart from a step-down subsidiary to a wholly-owned subsidiary of TCC Concept Limited.

Acquisition Details

The acquisition encompasses the complete equity shareholding of Pepcart Logistics, involving 8,21,24,998 equity shares representing 100% of the company's equity share capital. The transaction was executed through cash consideration and completed on an arm's length basis.

About Pepcart Logistics

Pepcart Logistics Private Limited, incorporated on April 29, 2016, operates in the logistics and supply chain services sector. The company provides integrated logistics solutions including transportation, warehousing, distribution, supply chain management, freight forwarding, and allied services covering handling, storage, and movement of goods.

As a wholly-owned subsidiary of Pepperfry Limited, Pepcart operates within the group ecosystem, focusing on comprehensive logistics operations across India.

Financial Performance

Pepcart Logistics has demonstrated consistent revenue generation over the past three financial years:

Strategic Impact

The acquisition represents a strategic move to simplify the group structure and enhance operational control. Since Pepcart was previously a step-down subsidiary, this transaction eliminates intermediate ownership layers, providing TCC Concept Limited with direct control over the logistics operations.

The company confirmed that no governmental or regulatory approvals were required for this acquisition, and none of the promoters, promoter group, or group companies have any additional interest in Pepcart beyond the disclosed acquisition structure.

Norwest Venture Partners VII-A-Mauritius has acquired a 5.45% stake in TCC Concept Limited through a share swap transaction, as disclosed in a regulatory filing dated December 9, 2025. This acquisition represents an investment move by the Mauritius-based venture capital firm in the Indian realty sector company.

Transaction Details

The investment firm acquired 25,22,441 equity shares representing a 5.45% stake in TCC Concept Limited through a share swap transaction on December 8, 2025. Each equity share has a face value of ₹10.

Impact on Share Capital

The acquisition has resulted in an increase in TCC Concept Limited's equity share capital. The company's paid-up equity share capital expanded following this transaction.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this acquisition, Norwest Venture Partners VII-A-Mauritius held no shares in TCC Concept Limited.

The transaction filing confirms that the acquirer does not belong to the promoter or promoter group of the target company. TCC Concept Limited's shares are listed on BSE Limited under scrip code 512038.

About the Parties

Norwest Venture Partners VII-A-Mauritius operates from the 6th Floor, Two Tribeca, Tribeca Central, Trianon, Mauritius. TCC Concept Limited is headquartered at VB Capitol Building, Range Hills Road, Bhoslenagar, Shivajinagar, Aundh, Pune, Maharashtra, India.

The share swap transaction represents an investment by the venture capital firm, providing TCC Concept Limited with additional capital while offering the investor a stake in the company.