Rs. 21,99,99,956 invested in wholly owned subsidiary TZF Logistics via rights issue

The company has invested ₹ 21,99,99,956 in its wholly owned subsidiary TZF Logistics Solutions Private Limited through a rights issue.

Mon 28 Sep 2026

Investment Amount

₹ 21,99,99,956

Shares Subscribed

34,08,210 equity shares

Face Value & Premium

Rs. 10/- each at a premium of Rs. 54.55/- per share

Allotment Date

September 28, 2026

Shareholding in TZF

100% (unchanged)

What happened

The company has invested ₹ 21,99,99,956 in the equity shares of TZF Logistics Solutions Private Limited, its wholly owned subsidiary, by subscribing to a rights issue.

Deal details

• Shares subscribed: 34,08,210 equity shares
• Face value: Rs. 10/- each, at a premium of Rs. 54.55/- per equity share
• Allotment date: September 28, 2026
• Consideration: cash, remitted through normal banking channels
• Shareholding in TZF after the investment: 100% (unchanged)

Purpose

The funds are intended to support the development, growth and expansion of TZF's business activities and its working capital needs. They will also help TZF meet the regulatory requirements applicable to prepaid payment instrument (PPI) issuers under the Payment and Settlement Systems Act, 2007 and RBI regulations.

About TZF

TZF was incorporated on August 29, 2018, with its registered office in Bangalore, and operates in the transport and logistics industry, providing technology-based logistics products and services including transportation and vehicle-hiring solutions through digital platforms. It received a PPI licence from the Reserve Bank of India on July 3, 2025, allowing it to issue and operate digital wallets for payments, remittances and other permitted transactions.

Turnover from operations: FY 2023-24 nil, FY 2024-25 nil, FY 2025-26 nil.

How to read it

Since TZF is already fully owned, this is a transfer of funds within the group rather than an outside acquisition, and there is no change in ownership percentage. The transaction falls under related party transactions and the company states it is at arm's length. Promoter/promoter group have no interest in TZF other than it being a wholly owned subsidiary. No governmental or regulatory approvals were required.

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