Intimation for the proposed aquisition of Equity Shares.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Neptune Logitek's board, at its April 6, 2026 meeting, approved the proposed acquisition of 1,02,000 equity shares (51% of paid-up capital) of Devanshi Tradables Private Limited, a newly incorporated (September 2025) import-export company, from Mrs. Reema Ankit Shah, a Director of the company. The deal is a related party transaction to be done at arm's length, with pricing based on an independent valuation report that is yet to be received; final approval by the Audit Committee and Board is pending. The board also appointed Ms. Ishali Desai & Associates as Secretarial Auditor and M/S. Sen & Ray as Internal Auditor for FY 2025-26. Additionally, Mr. Rushabh Anilkumar Shah was appointed as a Non-Executive Independent Director for a 5-year term, subject to shareholder approval.
The acquisition is small-scale — the target has a paid-up capital of just Rs. 20 lakh and no audited financials yet — and is being bought from a company director, meaning shareholders should watch the valuation report closely. The director and auditor appointments are routine governance items and unlikely to move the stock materially on their own.