Chartered Logistics subsidiary exits SEZ, to be delisted

Chartered Logistics Ltd announced that its wholly owned subsidiary, Chartered Comcare IFSC Limited, will exit the Special Economic Zone scheme at GIFT IFSC. The subsidiary, which was set up for ship leasing activities but never commenced commercial operations, will also seek removal from the Registrar of Companies. The decision was driven by geopolitical conflicts impacting the ship leasing business and the desire to avoid recurring costs. The exit is expected by December 2026 and is not anticipated to have a material impact on the parent company's operations or financials.