We would like to inform you that the Board of Directors of the Company in its meeting held on Friday, 14th November, 2025 has inter-alia considered and approved the following: 1. Unaudited ....
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The Board, at its meeting on November 14, 2025, approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2025, along with a clean (unmodified) limited review report from statutory auditor Bilimoria Mehta & Co. The Board also approved the acquisition of a 98% equity stake in International Logistics Associates LLC (ILA), a US-based logistics company, for a cash consideration of USD 447,860, with completion targeted by December 2026. ILA, incorporated in 2013, offers freight contracting and shipping agency services and reported turnover of USD 4.23 million and profit of USD 1.20 lakh in CY2024. Additionally, the Board waived penal interest on inter-corporate deposits given by the Company, and the acquisition was confirmed as not being a related party transaction.
The acquisition signals a small-scale international expansion into the US logistics market for a relatively modest deal size; the clean auditor review and routine ICD penal interest waiver are largely procedural and unlikely to materially move the stock in the short term.