East West Freight Carriers Limited’s Board of Directors has granted in-principle approval to disinvest up to 20% of its equity stake in its subsidiary, Unique Airfreight Express And Logistics Private Limited. The company currently holds 75% stake, which will be reduced to 55% post-completion. This transaction is subject to independent valuation, Audit Committee approval, and definitive agreements.
Board Approves Partial Divestment of Subsidiary Stake
East West Freight Carriers Limited announced today, November 13, 2026, that its Board of Directors has approved the in-principle disinvestment of a partial equity stake in its subsidiary, M/s. Unique Airfreight Express And Logistics Private Limited. The company plans to sell up to 20% of its existing 75% shareholding.
Impact on Ownership and Future Operations
Upon completion of this proposed disinvestment, East West Freight Carriers Limited’s shareholding in Unique Airfreight Express And Logistics Private Limited will stand at 55%. The subsidiary will continue to remain a part of the company’s consolidated holdings. This strategic move is contingent upon several conditions, including an independent valuation of the stake, prior approval from the Audit Committee, and the execution of definitive agreements.
Financial Context of the Subsidiary
For the financial year ended March 31, 2026, the subsidiary, Unique Airfreight Express And Logistics Private Limited, contributed ₹19.99 Crore to the consolidated turnover, representing 9.91% of the total consolidated turnover of ₹201.63 Crore. Its net worth stood at ₹7.26 Crore, accounting for 11.99% of the consolidated net worth of ₹60.57 Crore.
Details of the Transaction
The proposed disinvestment is intended to be made to Mr. Sunil Alwa, who is currently a Director and shareholder holding 25% of the share capital in M/s. Unique Airfreight Express And Logistics Private Limited. The transaction is categorized as a related party transaction but is being conducted at arm’s length, supported by a valuation report. Definitive agreements are yet to be executed, and further details will be intimated upon their finalization and execution.
Source: BSE
