Allcargo Global Sells Step-Down Subsidiary CSPL for ₹24 Crore to Promoter Group
Allcargo Global Limited has sold its step-down subsidiary, Comptech Solutions Private Limited (CSPL), to Transindia Real Estate Limited, a promoter group company, for approximately ₹24 crore. The sale is expected to be completed by July 30, 2026. CSPL had a revenue of ₹2.85 crore and net worth of ₹14.42 crore as of March 31, 2026.
The financial contribution of the subsidiary (₹2.85 crore revenue, ₹14.42 crore net worth) is minimal relative to the overall size of Allcargo Global Limited, suggesting a low impact on the company's financial performance or strategic direction.
The transaction involves the sale of a subsidiary to a promoter group company. While it is a disposal of an asset, the financial impact is relatively small, and the transaction is being conducted at arm's length, indicating no immediate positive or negative bias.
Allcargo Global Limited (AGL) announced the sale of its step-down subsidiary, Comptech Solutions Private Limited (CSPL), to Transindia Real Estate Limited, a company belonging to the Promotor Group. This transaction, effective July 09, 2026, results in CSPL ceasing to be a step-down subsidiary of AGL.
The agreement for sale was entered into on July 01, 2026, with the expected completion date for the sale set for July 30, 2026. The consideration received from this disposal is approximately ₹24 crore. This amount pertains to Contech Logistics Solutions Private Limited, the holding company of CSPL.
CSPL contributed a revenue of ₹2.85 crore and had a net worth of ₹14.42 crore as of March 31, 2026. The buyer, Transindia Real Estate Limited, belongs to the promoter group, and the transaction has been classified as a Related Party Transaction. AGL has confirmed that the transaction will be conducted on an arm's length basis, supported by an independent valuation report.
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Allcargo Global Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Allcargo Global Limited. Read the original for the full detail.