East West Freight Carriers to form wholly-owned IT subsidiary

East West Freight Carriers Ltd announced that its Board of Directors has approved the incorporation of a wholly-owned subsidiary, 'East West Advance Systems Private Limited'. The new entity will focus on Information Technology (IT), Software-as-a-Service (SaaS), Deep-Tech (AI/ML/IoT), and Electronics Manufacturing. The initial paid-up capital will be ₹1,00,000 (₹1 Lakh), fully subscribed in cash at face value. This move aims to establish the subsidiary as a turnkey systems integrator and technology provider. The transaction is considered a related party transaction upon incorporation.