Accuracy Shipping Limited Acquires Shares in A.R.S. Liners and A.R.S. Terminals
Accuracy Shipping Limited announced on March 29, 2026, that its Board of Directors approved the acquisition of shares in A.R.S. Liners (India) Private Limited (A.R.S. Liners) and A.R.S. Terminals (India) Private Limited (A.R.S. Terminals).Accuracy Shipping Limited will subscribe to 6,78,125 equity shares of A.R.S. Liners with a face value of Rs. 10 each at a premium of Rs. 86, for a total consideration of Rs. 6,51,00,000. For A.R.S. Terminals, the company will subscribe to 49,90,000 equity shares with a face value of Rs. 10 each at par, for a total consideration of Rs. 4,99,00,000.
Upon completion of the transaction, both A.R.S. Terminals and A.R.S. Liners will become subsidiaries of Accuracy Shipping Limited. The investment is expected to be completed within one month.
A.R.S. Liners, incorporated on April 13, 2017, has a turnover of Rs. 17.64 crore. A.R.S. Terminals, incorporated on January 04, 2018, has a turnover of Nil.
The acquisition is intended to consolidate group entities and expand the company's shipping, logistics, and freight services.
Mr. Vinay Tripathi, Chairman and Managing Director of Accuracy Shipping Limited, and Mrs. Rama Tripathi, Whole-Time Director of the Company, are Directors and shareholders of A.R.S. Liners and A.R.S. Terminals. The transactions constitute a related party transaction and are being carried out on an arm's length basis.
| S. no | Particulars | A.R.S. Liners (India) Private Limited | A.R.S. Terminals (India) Private Limited |
|---|---|---|---|
| 1 | Turnover (Rs. Crore) | 17.64 | Nil |
| 2 | Date of Incorporation | April 13, 2017 | January 04, 2018 |
| 3 | Shareholding Acquired (%) | 52% | 99.80% |
| 4 | Consideration (Rs.) | 6,51,00,000 | 4,99,00,000 |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.