Transindia Real Estate Limited has informed the Exchange regarding Notice of Postal Ballot
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The company has issued a Postal Ballot Notice seeking member approval on two resolutions: (1) Appointment of Mr. Mahendra Kumar Chouhan (DIN: 00187253) as Non-Executive, Independent Director for a 5-year term from April 1, 2026, to March 31, 2031. Prof. Chouhan, aged 70, is a distinguished expert in corporate governance, business ethics, and sustainability with experience at IIM Mumbai and as Founding Chairman of Fino Payments Bank. (2) Approval for material related party transaction to acquire 7,00,000 Class A equity shares (48.28% stake with 100% voting rights) of Comptech Solutions Private Limited from Contech Logistics Solutions Private Limited (a promoter group entity) for ₹23.59 crore (₹337 per share including ₹327 premium). Comptech owns a commercial property in Gurugram with 20,043 sq. ft. leasable area. Upon completion, Comptech will become a subsidiary of the company. The e-voting period runs from May 30 to June 28, 2026.
The acquisition of Comptech Solutions represents a strategic move by Transindia Real Estate to expand into commercial real estate with stable rental income potential. Shareholders should note that related parties will abstain from voting on the RPT resolution, and this transaction requires ordinary resolution approval as it exceeds the ₹8.38 crore materiality threshold (10% of FY2025-26 turnover).