Ashapura Logistics Approves ₹27 Crore Transmarine Related-Party Transactions

Board approved the FY26 Annual Report and AGM notice, reappointment of Whole-time Director Chitra Kurup, appointment of Rajinder Kumar Gupta as Additional Independent Director, and related party transactions with Transmarine Corporation of Rs 23.2 Cr for FY26 ratification and up to Rs 27 Cr for FY27, subject to shareholder approval. The Transmarine arrangement is a recurring and materially expanding related party relationship, with both past transactions and prospective limits requiring a Special Resolution. The new independent director brings over 22 years of indirect-tax administration experience. Shareholders must approve the Transmarine transactions; the filing states they are in the ordinary course and at arm's length but provides limited commercial detail. The notice contains inconsistent AGM dates, citing September 23, 2026 and September 29, 2025.