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Cella Space Ltd has acquired 10,000 equity shares (100% stake) of Vijay Logistics Parks Private Limited (VLPPL) at Rs. 10 per share, totalling Rs. 1,00,000 in cash. With this acquisition, VLPPL becomes a wholly owned subsidiary of Cella Space effective February 17, 2026. VLPPL is engaged in buying and selling of land and development of industrial parks, aligning with Cella Space's existing business objective of developing industrial parks. The target company was incorporated only on November 28, 2025, and has reported nil turnover for the financial year ended March 2025 and the preceding three years. The acquisition is not a related party transaction.
This is a small, strategic bolt-on acquisition (just Rs. 1 lakh) that gives Cella Space a wholly owned subsidiary in the industrial warehousing/park development space. Given the negligible cost and the newly incorporated status of VLPPL with no existing revenue, the immediate financial impact on shareholders is minimal, but it provides a platform for future growth in the industrial parks segment.