East West Freight Carriers Ltd said in a BSE filing on October 3, 2026 that a committee of its board had approved subscribing to 100% of the equity of a proposed technology subsidiary, East West Advance Systems Private Limited. The committee approved the subscription at its meeting held that day.

The proposed company will become a wholly owned subsidiary upon incorporation. East West Freight Carriers disclosed a cash subscription of Rs 1 lakh towards its initial paid-up share capital, with shares to be subscribed at their face value of Rs 10 each.

The disclosure concerns approval for the initial equity subscription. The filing's background section states that the proposed subsidiary is yet to be incorporated, so the approval does not establish that incorporation has been completed.

Technology business and capital structure

East West Advance Systems Private Limited is being incorporated to operate as a turnkey systems integrator and technology provider, alongside related activities. The filing identifies the following business areas for the proposed entity:

  • Information technology and Software-as-a-Service, or SaaS.
  • Deep technology, including artificial intelligence, machine learning and the Internet of Things.
  • Electronics manufacturing and turnkey systems integration.

The disclosed authorised capital is Rs 5 lakh, divided into 50,000 equity shares of Rs 10 each. Initial paid-up capital is Rs 1 lakh, comprising 10,000 equity shares of Rs 10 each, to be fully subscribed by East West Freight Carriers.

The authorised capital and initial paid-up capital are separate figures in the disclosure. The approved cash subscription relates to the Rs 1 lakh initial paid-up capital and provides for 100% ownership of the proposed company.

Transaction disclosures

The company classified the initial subscription as a related-party transaction upon incorporation because the entity will become its wholly owned subsidiary. The consideration is entirely in cash.

The annexure marks governmental or regulatory approvals and the indicative completion period as not applicable. It provides no operating turnover history for the proposed entity.

East West Freight Carriers submitted the disclosure under Regulation 30 of the SEBI Listing Regulations. Its BSE scrip code is 540006.