Chartered Comcare IFSC Limited Receives Registration as Finance Company in GIFT City
Chartered Logistics Ltd's wholly owned subsidiary, Chartered Comcare IFSC Limited, has secured a Certificate of Registration to commence business as a Finance Company at the Gujarat International Finance Tec-city (GIFT), IFSC, Gujarat. The company also received a Letter of Approval for setting up a unit within GIFT SEZ LTD for authorized operations.The Certificate of Registration confirms that Chartered Comcare IFSC Limited can undertake the operating lease of ships as a Finance Company.
The operational authorization was granted under specific conditions outlined by the International Financial Services Centres Authority (IFSCA). The registration was issued following the IFSCA's letter no. IFSCA-FCROSL/22/2024-Banking/2026-27/002 dated April 10, 2026.
According to the Certificate of Registration, Chartered Comcare IFSC Limited is registered to undertake "Operating lease of ships" as a Finance Company. This registration is subject to several compliance requirements, including immediate intimation to the Authority upon commencing operations and displaying the Certificate of Registration at the company's registered office.
In addition to the Finance Company registration, the entity received a Letter of Approval (LOA) from the Office of Development Commissioner, GIFT SEZ LTD. The LOA, issued with reference to application number 112400006095 and referencing LOA No: IFSCA-SEZ/74/2025-SEZ, details the authorized operations.
The table below summarizes the key details regarding the authorized operations and approvals:
| Document | Issuing Authority | Activity Authorized | Key Identifier |
|---|---|---|---|
| Certificate of Registration | IFSCA | Operating lease of ships (Finance Company) | IFSCA-FCROSL/22/2024-Banking/2026-7 |
| Letter of Approval | GIFT SEZ LTD | Operating ship leasing entity under framework for Ship Leasing | IFSCA-SEZ/74/2025-SEZ |
The LOA table also provided the following details regarding the authorized activities:
| ITC HS Code / CPC | Item Description |
|---|---|
| 9971 | Application for registration of operating ship leasing entity under framework for Ship Leasing of the IFSCA Finance Company Regulations 2021 |
The LOA, which has a validity period from 06/03/2025 to 05/03/2026, specifies various conditions, including the requirement to export goods or services for a period of five years from the commencement of production/service activities.
Chartered Logistics Ltd, through its Managing Director, Lalit Kumar Gandhi, issued the correspondence confirming the status of the subsidiary.
Stock Price Movement
Chartered Logistics Ltd shares settled at ₹6.86 on Friday, declining 0.72%. Throughout the session, the stock fluctuated between a low of ₹6.81 and a high of ₹7.18.Source:
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