Western Carriers Promoter Rajendra Sethia Acquires Additional Equity 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 purchase. The acquisition was disclosed in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. Share Acquisition Details The acquisition involved 1,00,000 equity shares of face value ₹5 each, representing 0.098% of the company's total issued and paid-up share capital. The purchase was executed on March 13, 2026, through open market transactions. Parameter: Details Shares Acquired: 1,00,000 equity shares Face Value: ₹5 per share Percentage of Capital: 0.098% Acquisition Date: March 13, 2026 Mode of Acquisition: Open Market Shareholding Pattern Changes Following this acquisition, Rajendra Sethia's total shareholding in Western Carriers has increased marginally. The transaction reflects the promoter's continued confidence in the company's prospects. Shareholding Details: Before Acquisition After Acquisition Number of Shares: 7,40,71,020 7,41,71,020 Percentage Holding: 72.650% 72.748% Total Company Shares: 10,19,55,213 10,19,55,213 Regulatory Compliance and Documentation The disclosure was 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 the acquisition 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 13, 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 this transaction. 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 will conduct the voting process entirely through remote e-voting, reflecting compliance with regulatory requirements and modern corporate governance practices. 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 Director Profile and Experience Mr. Sunil Duggal brings extensive corporate experience to the Board. He currently serves as Chief Executive Officer of Bhumi Ventures, overseeing global mining operations across the DRC and the UAE. His professional background includes: Over three decades of experience in driving large-scale organizations Expertise in strategic growth, operational transformation, and stakeholder management Former Chairman of National Committee on Mining and current member of National Council-CII Educational qualifications include BE (Electrical-Honours) from Thapar Institute and is an alumnus of IMD Lausanne and IIM Calcutta Mr. Duggal currently holds directorships in Singer India Ltd., Godawari Power and Ispat Limited, and Jammu Pigments Limited. He has received various awards including Best CEO WE Global Employees Choice Award 2022 and CEO of the Year at Business Leader of the Year ET Now 2019. 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. 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