Update on Investment made in OCRDS by the Company.
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Neptune Logitek Ltd has invested a total of Rs. 6 Crore in Optionally Convertible Redeemable Debentures (OCRDS) of two companies. This includes Rs. 2.5 Crore in Blithwill Global Warehousing Pvt Ltd and Rs. 3.5 Crore in Blithwill Global Infraventures Pvt Ltd, at face value of Rs. 1,000 per debenture. Blithwill Global Warehousing operates in warehousing and storage with FY25 turnover of Rs. 251.43 Lakhs and net profit of Rs. 31.78 Lakhs, while Blithwill Global Infraventures is in real estate, construction and infrastructure with FY25 turnover of Rs. 370.66 Lakhs and net profit of Rs. 34.12 Lakhs. The company states both investments are not related party transactions, and the proceeds will support working capital, capital expenditure, or debt repayment needs of the investee entities.
This represents a Rs. 6 Crore cash deployment into two private companies outside Neptune Logitek's core logistics business, giving shareholders exposure to warehousing and real estate/infrastructure segments. Since these are convertible and redeemable debentures, the company retains flexibility to recover the funds or convert to equity later; near-term impact on the stock is likely limited given the modest size.