Neptune Logitek to set up wholly owned maritime subsidiary

Neptune Logitek board on July 16, 2026 approved acquiring 100 percent equity in a proposed company named Neptune Maritime Private Limited at face value. It will subscribe to 1,00,000 shares of Rs 10 each, totaling around Rs 10 lakh, via cash or bank. The new entity will offer freight forwarding services by sea, rail and road. The transaction is treated as a related party deal as the new firm will be a wholly owned subsidiary within the logistics business.