Orissa Bengal Carrier Ltd

Target & Promoter Group

• Target Company: OBCL Limited (formerly Orissa Bengal Carrier Limited).
• Disclosing Party: OBCL Infrastructure Private Limited; promoter group member of OBCL Limited.

Transaction Details

• Transaction Type: Acquisition of equity shares via Open Market Purchase.
• Pre-Transaction Holding: 2,253,942 shares, 10.69% voting rights.
• Acquired: 56,675 shares (0.27%).
• Post-Transaction Holding: 2,310,617 shares, 10.95% voting rights.
• Mode: Open Market.

Dates & Capital Context

• Transaction Dates: 19.08.2026; 20.08.2026; 21.08.2026.
• Equity share capital before/after: 21,082,790 shares.
• Total diluted share/voting capital after: 21,082,790 shares.

Target and deal overview

• Target: OBCL Limited (formerly Orissa Bengal Carrier Ltd), logistics and transport services in India.
• Acquirer: OBCL Infrastructure Private Limited, promoter-group entity of OBCL Limited.
• Acquisition form: on-market purchases on 19–21 August 2026.
• Shares acquired: 56,675, about 0.267% of paid-up equity capital.
• Related-party transaction; promoter-group connection between acquirer and target.
• Regulatory approvals: not disclosed.
• Cost/price: not disclosed.
• Purpose/strategic rationale: not disclosed.
• Timeline: acquisitions completed between 19 and 21 August 2026.
• Industry/sector: logistics and transportation; country presence India.
• Background: incorporation date and turnover not disclosed.

Financial highlights

• Standalone FY25-26 revenue from operations: ₹30,987.71 Lakhs; total standalone revenue: ₹31,268.31 Lakhs.
• Consolidated FY25-26 revenue from operations: ₹34,721.19 Lakhs; total consolidated revenue: ₹35,103.76 Lakhs.
• Standalone PAT: ₹-854.53 Lakhs; Consolidated PAT: ₹-782.88 Lakhs.
• Standalone EPS: ₹-4.05; Consolidated EPS: ₹-3.71.
• Name change to OBCL Limited effective 02-Mar-2026; exchanges approved symbol OBCL/541206 from 17-Jul-2026.
• Dividend for FY2025-26: no dividend declared.

Segment and subsidiary performance

• Road Transportation revenue: ₹30,987.71 Lakhs; Trading revenue: ₹3,733.48 Lakhs; Net segment revenue: ₹34,721.19 Lakhs.
• Segment profit before tax: Road ₹-807.14 Lakhs; Trading ₹91.12 Lakhs; Net ₹-716.03 Lakhs.
• OVCL Ventures Private Limited revenue ₹3,733.48 Lakhs; net profit ₹71.64 Lakhs; 10.75% contribution to overall performance.
• Growth plan includes digitisation and scalable platform to onboard 10,000+ vehicles; branch network to 100 in 18-24 months.

Capital structure & liquidity

• Total borrowings (Consolidated): ₹6,634.83 Lakhs; Current ₹4,074.17 Lakhs; Non-current ₹2,560.66 Lakhs.
• Net debt: ₹7,689.71 Lakhs; Total equity: ₹8,197.75 Lakhs; Gearing 0.94x; Current ratio 1.73x.
• Cash and cash equivalents: ₹417.43 Lakhs.
• Authorized share capital: ₹24 Crore; Paid-up capital: ₹21.08 Crore.
• Market price per share: ₹58.95 (as of 31-03-2026).
• Dividend policy: no dividend declared for FY2025-26.

Governance and leadership

• Board of six directors; four Non-Executive including one Woman; two Independent Directors.
• Ashish Dakalia re-appointed as Independent Director for a second five-year term (2026-2031).
• Mrs. Shakuntala Devi Agrawal retires by rotation; proposal for re-appointment.
• Company follows separation of Chair and MD; MD is Ravi Agrawal; Chairman is Gopal Kumar Agrawalla.

CSR, ESG and compliance

• CSR spend ₹9.91 Lakhs; CSR obligation ₹9.41 Lakhs; excess ₹0.49 Lakhs settled in year.
• CSR policy available on OBCL website; CSR Annexures report details.
• No unspent CSR funds or penalties reported; CSR activities aligned with Schedule VII.

Outlook and strategic priorities

• Long-term logistics fundamentals remain favorable amid digitisation and infrastructure expansion.
• Growth priorities include customer-centricity, operational excellence, prudent financial management and technology adoption.
• Strategic expansion to new geographies; stronger partner network; ongoing diversification into Third-Party Logistics.
• Plan to scale operations by onboarding 10,000+ commercial vehicles via a new software platform.

AGM Details

• 31st AGM scheduled for September 16, 2026 at 11:00 AM IST, physical at Raipur Corporate Office.
• Record date for voting and attendance cut-off: Sept 9, 2026.

Key Resolutions

• Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026 (ordinary).
• Appointment of a Director in place of Mrs. Shakuntala Devi Agrawal, retiring by rotation (ordinary).
• Payment of Commission to Mrs. Shakuntala Devi Agrawal, Non-Executive Director, within statutory limits (ordinary).
• Re-appointment of Mr. Ashish Dakalia as Independent Director for a second five-year term (special).
• Enhancement of borrowing limits under Section 180(1)(c) to Rs 250 crore (special).
• Creation of charges, mortgages and hypothecation on assets to secure borrowings up to Rs 250 crore (special).

Target & Disclosing Party

• Target Company: OBCL Limited.
• Disclosing Party: OBCL Infrastructure Private Limited, promoter group.

Transaction & Capital Context

• Transaction: Open Market acquisition of OBCL Limited shares.
• Dates: 14-08-2026, 17-08-2026, 18-08-2026.
• Pre-transaction holding: 2,234,761 voting shares (10.59%).
• Post-transaction holding: 2,253,942 voting shares (10.69%).
• Acquired: 297, 216, 18,668 shares (0.001%, 0.001%, 0.088%).
• Mode: Open Market.
• Equity capital before/after: 21,082,790 shares.
• Post-transaction diluted capital: 21,082,790 shares.
• Post-acquisition encumbrances: 4 shares encumbered.

Acquisition details

• Target: OBCL Limited (formerly Orissa Bengal Carrier Ltd), Indian company in logistics/transport.
• Total equity shares acquired: 19,181; stake approx 0.09%.
• Promoter group OBCL Infrastructure Private Limited completed on-market purchases.
• Industry: Logistics/transport (carrier) sector, India.
• Purpose and strategic rationale not disclosed in Form C.
• Regulatory approvals: not specified beyond SEBI Regulation 7(2) disclosure.
• Timeline for completion: acquisitions occurred between 14-18 August 2026; completion date not specified.
• Form/consideration: on-market purchase; price not disclosed.
• Background: OBCL Limited; promoter group activity; registered Raipur, Chhattisgarh.
• Additional notes: acquisitions detailed in Form C disclosure dated 18 August 2026.

Overview

• Target: OBCL Limited; Acquirer: OBCL Infrastructure Private Limited (Promoter Group).

Acquisitions

• 11 Aug 2026: 50,106 shares via open market (0.23%).
• 12 Aug 2026: 51,000 shares via open market (0.24%).
• 13 Aug 2026: 59,473 shares via open market (0.28%).

Pre-Transaction Holding

• Pre-transaction: 20,74,182 voting rights shares (9.84%).

Post-Transaction Holding

• Post-transaction voting rights: 2,34,761 shares (105%).
• Post-transaction warrants: 22,34,761 (10.59%).

Dates & Capital Context

• Dates: 11–13 August 2026.
• Equity share capital before/after/diluted: 21,082,790 shares (no change).

Promoter acquisitions in OBCL Limited

• Target: OBCL Limited (formerly Orissa Bengal Carrier Limited).
• Acquirer: OBCL Infrastructure Private Limited, promoter group member.
• On-market purchases on 11 Aug 2026: 50,106 shares (0.23%).
• On-market purchases on 12 Aug 2026: 51,000 shares (0.24%).
• On-market purchases on 13 Aug 2026: 59,473 shares (0.28%).
• Total disclosed stake acquired: approximately 0.75% of paid-up capital.
• Regulatory: Form C filed under SEBI Regulation 7(2) for insider trading.
• Industry/sector: not disclosed.

Target background and deal details

• Target: OBCL Limited (formerly Orissa Bengal Carrier Ltd), logistics/transport company in India.
• Promoter group OBCL Infrastructure Private Limited acquired equity shares via on-market purchases Aug 6, 7, and 10, 2026.
• Total shares acquired: 7,101, representing about 0.032% of paid-up equity.
• Nature of consideration: on-market purchase of OBCL Limited equity shares.
• Regulatory approvals: not disclosed in the filing.
• Timeline: acquisitions completed by August 10, 2026.
• Cost/price of acquisition: not disclosed.
• Background: OBCL Limited incorporated in 1994; formerly Orissa Bengal Carrier Ltd.
• Promoter relationship: OBCL Infrastructure Private Limited is a promoter group entity.
• Target industry/sector not explicitly stated in filing.