Deccan Transcon Leasing Limited Approves Proposed Sale of 47.5% Stake in King Star Freight Private Limited
Deccan Transcon Leasing Limited has approved a proposed sale and disposal of its investment in King Star Freight Private Limited, an associate company, following the recommendation of its Audit Committee. The decision was finalized by the Board of Directors on June 08, 2026.The transaction involves selling the Company's 47.5% shareholding in King Star Freight Private Limited to M/s King Star Freight Private Limited and Mr. Bejoy Varghese Vallikkunnel. Mr. Vallikkunnel is currently a Director and shareholder of King Star Freight Private Limited, holding 47,500 equity shares constituting the entire 47.5% stake.
The proposed transaction has been determined to be conducted on an arm's length basis, based on a valuation report provided by an Independent Registered Valuer. Although no definitive agreement has yet been executed, the transaction is expected to be completed within 16 months, subject to necessary formalities. No consideration has been received as of the date of disclosure. The Indicative value attributable to Deccan Transcon Leasing Limited's stake in King Star Freight Private Limited was determined to be approximately ₹6.15 crore, with a total valuation of the equity share capital of King Star Freight Private Limited at approximately ₹12.95 crore.
The sale is intended to result in the cessation of the associate relationship upon completion. Furthermore, Mr. Bejoy Varghese Vallikkunnel holds an indirect interest in Deccan Transcon Leasing Limited through his holdings in the Malaysian subsidiary of DTLL.
Key financial details regarding King Star Freight Private Limited and its comparison with Deccan Transcon Leasing Limited are provided below:
| Financial Metric | King Star Freight Private Limited (KSFPL) | Deccan Transcon Leasing Limited (DTLL) |
|---|---|---|
| Standalone Turnover (FY2024-25) | ₹33.34 crore | N/A |
| Standalone Net Worth (FY2024-25) | ₹9.89 crore | N/A |
| Provisional Turnover (FY2025-26) | ₹37.96 crore | ₹159 crore (Consolidated) |
| Provisional Net Worth (FY2025-26) | ₹12.79 crore | ₹97.39 crore (Consolidated) |
| Profit Share in DTLL (FY2025-2026) | N/A | 1.39 Cr |
DECCANTRAN Stock Price Movement
Today, shares of Deccan Transcon Leasing Limited surged in post-market trading, closing at ₹24.00 after gaining 4.35%. The equity traded with a volume of 10,800 as it settled within the day's range of ₹23.4 to ₹24.0.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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