Committed Cargo Care Limited Approves New Director Appointment and Proposed Acquisition of Ampersand Logistics

Committed Cargo Care Limited Approves New Director Appointment and Proposed Acquisition of Ampersand Logistics​

Committed Cargo Care Limited announced key outcomes from its Board of Directors meeting held on May 11, 2026, confirming the appointment of a new Independent Director and approving a preliminary agreement for a strategic acquisition. The company also provided a material update on ongoing Service Tax litigation.

During the meeting, the Board of Directors approved the appointment of Mrs. Hema Suri as an Additional Non-Executive Independent Director. The appointment is effective immediately, May 11, 2026, and is valid for five consecutive years, subject to approval by the company's members in the ensuing General Meeting. Mrs. Hema Suri brings expertise in network expansion, channel optimization, and developing efficient distribution frameworks, with deep knowledge of last-mile delivery and supply chain dynamics, and has experience in media, branding, and international markets.

Proposed Strategic Acquisition​

The Board also considered and approved the execution of an indicative and Non-Binding Term Sheet with Ampersand Logistics Private Limited. Ampersand Logistics Private Limited is a boutique Delhi-based logistics organization with its principal place of business in Kalkaji, New Delhi. The proposed transaction involves the acquisition of 100% equity of Ampersand Logistics Private Limited. The company stated that this proposed acquisition is intended to strengthen its overseas network relationships, expand its customer base, leverage the promoters' long-standing experience in the logistics sector, and enhance the company's presence in the project logistics business.

Litigation Update on Service Tax​

Regarding operational matters, the company reported a significant development in its Service Tax litigation before the CGST Delhi East Commissionerate, concerning the period from April 2015 to June 2017.

The initial proceedings had involved a Show Cause Notice from the Office of the Commissioner of Central Tax, GST Delhi East, which demanded Service Tax amounting to Rs. 17,89,97,629/-. This demand covered the company's rejected claim of Pure Agent under Cargo Handling services of Rs. 17,80,24,937/- and a demand related to Goods Transport agency (GTA) service under Reverse Charge Mechanism (RCM) of Rs. 9,72,692/-.

However, a recent Order dated April 24, 2026, passed by the CGST Delhi East Commissionerate, was substantially favorable to the company.

The outcome of the litigation is detailed as follows:


The company stated that the demand of Service Tax relating to GTA services under RCM has been confirmed, requiring recovery from the company under Section 73(1) along with interest under Section 75 of the Finance Act, 1994. The company plans to evaluate appropriate legal remedies and contest this confirmed demand before the appropriate appellate forum.

COMMITTED Stock Price Movement​

As of 1:54 PM, shares of Committed Cargo Care Limited are slipping by 1.49% in live trading, currently hovering at ₹283.7. The stock has seen active trading throughout the day, with 6,400 shares traded so far.