Committed Cargo Care Limited Reports Transmission of Preferential Warrants to Promoter Successor
Committed Cargo Care Limited announced the transmission of preferential warrants belonging to a promoter group member following his demise. The company confirmed that the transmission was effected in favor of the nominee and legal successor, Mr. Rajeev Sharma.The company had initially allotted 2,41,666 convertible warrants to Mr. Devi Prasad, who belonged to the Promoter Group category. This allotment took place on February 11, 2025, following shareholder approval at an Extraordinary General Meeting held on January 17, 2025.
The company reported the demise of Mr. Devi Prasad on June 19, 2025. Subsequent to this event and after verifying necessary documentary evidence, the company transmitted the 2,41,666 convertible warrants to Mr. Rajeev Sharma, who also holds the Promoter category status.
Prior to this transmission, Mr. Rajeev Sharma already held 2,41,667 convertible warrants in his individual capacity relating to the same preferential issue. Following the transmission, the total warrant holding of Mr. Rajeev Sharma increased to 4,83,333 convertible warrants.
The company stated that the transmission is purely in the nature of succession and does not constitute any fresh allotment, acquisition, transfer, or change in control of the company.
The detailed specifics regarding the transmission are as follows:
| Particulars | Details | Value |
|---|---|---|
| Deceased Warrant Holder | Late Sh. Devi Prasad | Promoter Group |
| Warrants Held Before Demise | 2,41,666 | |
| Date of Demise | June 19, 2025 | |
| Transferee/Nominee | Mr. Rajeev Sharma | Promoter |
| Warrants Held Prior to Transmission | 2,41,667 | |
| Warrants Transmitted | 2,41,666 | |
| Total Warrants Post Transmission | 4,83,333 | |
| Nature of Transaction | Transmission consequent to warrant holder |
COMMITTED Stock Price Movement
Shares of Committed Cargo Care Limited are edging higher to ₹297 as of 12:59 PM today, having surged 4.36% in live trading. The stock demonstrates impressive momentum throughout the session, hitting its daily high at this level and trading robustly on 800 shares.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.
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