Transindia Real Estate Limited has announced that its wholly owned subsidiary has decided not to proceed with a previously proposed private placement of equity shares. The update was communicated to both BSE and NSE on March 06, 2026, through a regulatory filing under Regulation 30.

Subsidiary's Private Placement Status

Allcargo Group Services Private Limited (AGSPL), formerly known as Allcargo Warehousing Management Private Limited, has halted its proposed private placement of equity shares. The subsidiary had initially planned the preferential issue following an intimation dated January 30, 2026.

Reason for Postponement

The company stated that AGSPL has not proceeded with the issuance of equity shares by way of private placement as the agenda matter is currently under further consideration by the proposed allottees. This indicates that the potential investors are still evaluating the investment proposal.

Current Corporate Structure

Despite the postponement of the private placement, AGSPL continues to remain a wholly owned subsidiary of Transindia Real Estate Limited. The parent company has assured that it will duly inform stakeholders of any reconsideration of the private placement issue by AGSPL.

Regulatory Compliance

The announcement was signed by Khushboo Mishra, Company Secretary & Compliance Officer of Transindia Real Estate Limited, and was digitally signed on March 06, 2026. The company has requested both stock exchanges to take the information on record, maintaining transparency with regulatory authorities and investors.

Transindia Real Estate Limited has issued a postal ballot notice to shareholders seeking approval for material related party transactions and a director appointment. The company has scheduled the e-voting process from February 28, 2026 to March 29, 2026, with results expected by March 31, 2026.

Key Resolutions for Shareholder Approval

The postal ballot encompasses two ordinary resolutions requiring shareholder consent. The first resolution addresses material related party transactions with Allcargo Logistics Limited, while the second concerns the appointment of a new director to the board.

Material Related Party Transaction Details

The company seeks approval for continuing property lease agreements with Allcargo Logistics Limited, a promoter group entity. The transaction involves leasing warehouse premises to generate steady rental income for the company.

The Audit Committee and Board of Directors have reviewed and approved these transactions, confirming they are conducted on an arm's length basis and in the ordinary course of business. The proposed transaction value constitutes 8.50% of the company's annual consolidated turnover for the immediately preceding financial year.

Director Appointment Proposal

The second resolution seeks approval for appointing Ms. Nishika Hegde as Non-Executive, Non-Independent Director. The Board appointed her as Additional Director on January 30, 2026, subject to shareholder approval.

Ms. Hegde brings diverse experience across multiple business functions and has been involved in sales and marketing initiatives at Allcargo Group. Her expertise in customer behavior analysis, brand positioning, and business growth strategies is expected to benefit the company's operations.

E-Voting Process and Timeline

The company has engaged National Securities Depository Limited to provide remote e-voting facilities to shareholders. The voting process will be conducted entirely through electronic means, with no physical voting options available.

Mr. Vijay Yadav, Partner of M/s. AVS & Associates, has been appointed as Scrutinizer to conduct the e-voting process in a fair and transparent manner. Only shareholders whose names appear in the Register of Members as on the cut-off date will be eligible to vote.

Related Party Transaction Background

The material related party transaction requirement arose following a composite strategic arrangement where Allcargo Supply Chain Private Limited merged with Allcargo Gati Limited, which subsequently merged with Allcargo Logistics Limited. This merger, approved by the National Company Law Tribunal on October 10, 2025, resulted in the transfer of all rights and obligations to Allcargo Logistics Limited.

The aggregate value of transactions with the related party during the last financial year was ₹4,49,28,921, covering various business activities including rental income, business support charges, and asset purchases. The current financial year transactions up to the preceding quarter totaled ₹1,58,71,301.

Regulatory Compliance and Governance

The postal ballot notice complies with provisions of the Companies Act, 2013, SEBI Listing Regulations, and various circulars issued by regulatory authorities. The company has ensured all necessary approvals from the Audit Committee and Board of Directors before seeking shareholder consent.

Shareholders can access the complete postal ballot notice on the company's website at www.transindia.co.in and on the websites of BSE, NSE, and NSDL. The company has provided detailed instructions for e-voting through various platforms including NSDL IDeAS facility and CDSL Easi/Easiest facility for different categories of shareholders.