Transindia Real Estate Limited has informed the exchange about Merger of Wholly Owned Subsidiaries with the Company.
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Transindia Real Estate Limited's Board approved a Scheme of Merger whereby five wholly owned subsidiaries (Avvashya Inland Park Private Limited, Dankuni Industrial Parks Private Limited, Avvashya Projects Private Limited, Bhiwandi Multimodal Private Limited, and Hoskote Warehousing Private Limited) will be merged into the parent company under Sections 230-232 of the Companies Act, 2013. The scheme is subject to NCLT approval and will be filed with stock exchanges under SEBI Listing Regulations. Separately, the Board also approved acquisition of 48.28% stake in Comptech Solutions Private Limited (a related party) for approximately ₹24 crore, and entered into a Framework Agreement with Vantrock Ventures LLP for project development. For FY26, standalone revenue was ₹46.97 crore with profit after tax of ₹25.04 crore, compared to ₹51.73 crore revenue and ₹35.96 crore PAT in the previous year.
The merger of wholly owned subsidiaries is an internal restructuring and should not have any dilutive impact on shareholders. However, it may simplify the group structure and reduce administrative costs going forward.