Western Carriers promoter Rajendra Sethia acquired 20,000 additional equity shares over two days in March 2026, with 10,135 shares purchased on March 19 and 9,865 shares on March 20. These open market acquisitions increased his total shareholding from 72.748% to 72.768% of the company's paid-up capital, demonstrating continued promoter confidence in the logistics company.

Western Carriers Promoter Rajendra Sethia Acquires Additional 20,000 Shares

Western carriers (India) Limited has announced that its promoter and Chairman and Managing Director, Rajendra Sethia, has acquired additional equity shares in the company through open market purchases. The latest acquisitions were disclosed in compliance with SEBI regulations governing substantial acquisition of shares and takeovers.

Latest Share Acquisition Details

The most recent acquisitions involved 20,000 equity shares of face value ₹5 each, representing 0.020% of the company's total issued and paid-up share capital. The purchases were executed over two consecutive days through open market transactions.

Parameter: March 19, 2026 March 20, 2026 Shares Acquired: 10,135 equity shares 9,865 equity shares Face Value: ₹5 per share ₹5 per share Percentage of Capital: 0.010% 0.010% Mode of Acquisition: Open Market Open Market

Updated Shareholding Pattern

Following these acquisitions, Rajendra Sethia's total shareholding in Western Carriers has increased to 72.768%. The transactions reflect the promoter's continued confidence in the company's prospects and strategic direction.

Shareholding Timeline: Before Latest Acquisition After March 19 After March 20 Number of Shares: 7,41,71,020 7,41,81,155 7,41,91,020 Percentage Holding: 72.748% 72.758% 72.768% Total Company Shares: 10,19,55,213 10,19,55,213 10,19,55,213

Regulatory Compliance and Documentation

The disclosures were made pursuant to Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rajendra Sethia formally communicated both acquisitions through official letters addressed to BSE Limited, National Stock Exchange of India Limited, and the company's compliance officer.

Regulatory Details: Information Regulation: SEBI (SAST) Regulation 29(2) Promoter Status: Chairman and Managing Director DIN: 00267974 Communication Date: March 20, 2026 Compliance Officer: Ms. Sapna Kochar

The company's equity shares are listed on both BSE Limited and National Stock Exchange of India Limited. The total equity share capital of the company remains unchanged at 10,19,55,213 equity shares of ₹5 each following these transactions. All required documentation has been submitted to maintain regulatory compliance and transparency in shareholding disclosures.

Western Carriers (India) Ltd. has issued a postal ballot notice to shareholders seeking approval for the appointment of Mr. Sunil Duggal as a Non-Executive Independent Director. The company has published newspaper advertisements regarding the postal ballot and remote e-voting information as required under SEBI regulations.

Regulatory Compliance and Advertisement Disclosure

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements on March 14, 2026, in the following publications:

Publication Details Information English Newspaper Financial Express - All India Edition Regional Newspaper Dainik Statesman - Kolkata Edition Publication Date March 14, 2026 Website Hosting www.western-carriers.com

The company has notified BSE Limited and National Stock Exchange of India Limited about the newspaper advertisement disclosure, with scrip code 544258 and ISIN INE0CJF01024.

Postal Ballot Details

The postal ballot seeks shareholder approval for a special resolution regarding Mr. Sunil Duggal's appointment. The company has established specific timelines and procedures for the voting process.

Parameter Details Cut-off Date Friday, March 06, 2026 E-Voting Commencement 09:00 A.M. (IST) on Saturday, March 14, 2026 E-Voting End 05:00 P.M. (IST) on Sunday, April 12, 2026 Results Declaration On or before Wednesday, April 15, 2026

The company has engaged National Securities Depository Limited (NSDL) as the agency to provide e-voting facility. Sharma and Trivedi LLP has been appointed as the scrutinizer to ensure a fair and transparent voting process.

Director Appointment Proposal

The Board of Directors appointed Mr. Sunil Duggal (DIN: 07291685) as an Additional Non-Executive Independent Director with effect from February 13, 2026. The proposed appointment is for a term of five years, from February 13, 2026, to February 12, 2031.

Appointment Details Information Name Mr. Sunil Duggal DIN 07291685 Position Non-Executive Independent Director Term Duration 5 years Appointment Date February 13, 2026 Term End Date February 12, 2031

Voting Process and Compliance

In compliance with Ministry of Corporate Affairs circulars, the notice is being sent only through electronic mode to members whose email addresses are registered with the company, Registrar and Transfer Agent, or depositories. Physical copies of the postal ballot form are not being dispatched.

The voting process will be conducted exclusively through remote e-voting, with no physical postal ballot forms. Members can access the voting platform through NSDL's website at www.evoting.nsdl.com . The resolution, if approved by the requisite majority, will be deemed to have been passed on April 12, 2026.

Board Recommendation

The Board of Directors has recommended the special resolution for approval, citing Mr. Duggal's qualifications and experience in areas crucial to the company's operations. The appointment is expected to strengthen corporate governance standards and bring valuable expertise in strategic growth, operational transformation, and risk management to the Board.

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