Rajvi Logitrade Ltd Enters New Lease Agreements for Commercial Vehicle Fleet
Rajvi Logitrade Ltd announced changes to its commercial vehicle leasing arrangements, executing new agreements effective June 1, 2026, following the cancellation of previous contracts. The company entered into separate agreements for leasing vehicles with two different parties, detailing updated operational costs and fleet sizes.The company first canceled an existing Commercial vehicle lease agreement dated February 12, 2026, involving 33 vehicles with Mr. Bhupendrasinh Dalpatsinh Rana. Concurrently, Rajvi Logitrade Ltd has entered into a new lease agreement with Mr. Bhupendrasinh Dalpatsinh Rana, effective June 1, 2026, for a total of 44 commercial vehicles.
In a separate arrangement, the company also canceled its existing Commercial vehicle lease agreement dated February 12, 2026, with M/s Rajvi Cargo Movers Private Limited. Under the new agreement, effective June 1, 2026, the company has taken 3 commercial vehicles on lease.
Financial and Operational Details of Lease Agreements
The new agreements introduce specific financial commitments for both transactions. The purpose of the agreements cited the goal of optimizing costs and managing fleet size flexibility to meet increased customer demand.The financial structures and key terms for both leasing arrangements are detailed below:
| Particulars | Transaction with Mr. Bhupendrasinh Dalpatsinh Rana | Transaction with Rajvi Cargo Movers Private Limited |
|---|---|---|
| Vehicles on Lease | 44 Commercial Vehicles | 3 Commercial Vehicles |
| Monthly Lease Rental | Rs. 15,40,000/- (Rupees Fifteen Lakh Forty Thousand Only) plus GST | Rs. 1,00,000/- (Rupees One Lakh Only) plus GST |
| Refundable Security Deposit | Rs. 3,11,00,000/- (Rupees Three Crore Eleven Lakh Only) | Rs. 21,00,000/- (Rupees Twenty One Only) |
| Interest on Deposit | 9% per annum | 9% per annum |
| Agreement Duration | 11 months | 11 months |
| Purpose | To take 44 Commercial Vehicles on lease, offering flexibility and optimizing costs during slower business periods. | To take 3 Commercial Vehicles on lease. |
| Relationship Status | Mr. Bhupendrasinh Dalpatsinh Rana is the brother of Mr. Narendrasinh Dalpatsinh Rana (Promoter and Director). | Not related to promoter/promoter group/group companies. |
| Transaction Status | Done at 'arm's length basis' | No (Not a related party transaction) |
Stock Price Movement
Rajvi Logitrade Ltd shares settled on Wednesday at ₹17.47, climbing 4.99% for the day. Throughout the session, the stock remained completely flat, with the high and low both registering at ₹17.47.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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