Transindia Real Estate Limited Seeks Shareholder Approval for Key Resolutions
Transindia Real Estate Limited has issued a postal ballot notice to its shareholders, seeking approval for material related party transactions and the appointment of a new director. The e-voting process is scheduled from February 28, 2026, to March 29, 2026, with results expected by March 31, 2026.
The postal ballot encompasses two ordinary resolutions requiring shareholder consent. The first resolution addresses material related party transactions with Allcargo Logistics Limited, a promoter group entity. The second resolution concerns the appointment of Ms. Nishika Hegde as a Non-Executive, Non-Independent Director.
The company seeks approval for continuing property lease agreements with Allcargo Logistics Limited. The transaction involves leasing a 1,31,810 sq. ft. warehousing area located in Village Khopta (Kacherpada), Taluka Uran, District Raigad, Maharashtra. The lease period is for three years, with a security deposit of ₹2,02,10,790 (refundable) and a maximum annual lease fee of ₹5,00,00,000. The Audit Committee and Board of Directors have reviewed and approved these transactions, confirming they are conducted on an arm's length basis and in the ordinary course of business. The proposed transaction value constitutes 8.50% of the company's annual consolidated turnover for the immediately preceding financial year.
The second resolution seeks approval for appointing Ms. Nishika Hegde as a Non-Executive, Non-Independent Director. She was appointed as an Additional Director on January 30, 2026, subject to shareholder approval. Ms. Hegde holds a Bachelor of Science in Business Administration from Bryant University, USA, and a Master's degree in Marketing from the University of Bath, UK. She has extensive experience in public relations, human resources, advertising, and strategic marketing. Her expertise in customer behavior analysis, brand positioning, and business growth strategies is expected to benefit the company's operations.
The e-voting process will be conducted entirely through electronic means, with no physical voting options available. National Securities Depository Limited (NSDL) will provide remote e-voting facilities to shareholders. The voting process will commence on February 28, 2026, at 9:00 a.m. (IST) and conclude on March 29, 2026, at 5:00 p.m. (IST). Results will be declared on or before March 31, 2026. Mr. Vijay Yadav of M/s. AVS & Associates has been appointed as Scrutinizer to ensure the e-voting process is conducted fairly and transparently. Only shareholders whose names appear in the Register of Members as of February 20, 2026, will be eligible to vote.
The material related party transaction requirement arose following a composite strategic arrangement where Allcargo Supply Chain Private Limited merged with Allcargo Gati Limited, which subsequently merged with Allcargo Logistics Limited. This merger, approved by the National Company Law Tribunal on October 10, 2025, resulted in the transfer of all rights and obligations to Allcargo Logistics Limited. The aggregate value of transactions with the related party during the last financial year was ₹4,49,28,921, covering various business activities including rental income, business support charges, and asset purchases. The current financial year transactions up to the preceding quarter totaled ₹1,58,71,301.
The postal ballot notice complies with provisions of the Companies Act, 2013, SEBI Listing Regulations, and various circulars issued by regulatory authorities. The company has ensured all necessary approvals from the Audit Committee and Board of Directors before seeking shareholder consent. Shareholders can access the complete postal ballot notice on the company's website at www.transindia.co.in and on the websites of BSE, NSE, and NSDL. The company has provided detailed instructions for e-voting through various platforms, including NSDL IDeAS and CDSL Easi/Easiest facilities for different categories of shareholders.
