SG Mart Acquires Anwar Cargo for ₹85 Crore, Unveils New Leadership
SG Mart Limited (formerly Kitech Renewables Limited) has unveiled a major strategic transformation by approving the acquisition of 100% of the equity share capital of Anwar Cargo Solutions Private Limited for a cash consideration of ₹85 crore. Alongside the acquisition, the company has announced a significant overhaul of its leadership team, appointing a new Chairman & Managing Director and strengthening its Board of Directors.
The decisions were approved during the Board meeting held on July 20, 2026, reflecting the company’s focus on expanding its business and strengthening corporate governance.
SG Mart to Acquire Anwar Cargo Solutions
As part of its expansion strategy, SG Mart will acquire the entire equity share capital of Anwar Cargo Solutions Private Limited for ₹85 crore in cash.
Acquisition Highlights
| Particular | Details |
|---|---|
| Target Company | Anwar Cargo Solutions Private Limited |
| Stake to be Acquired | 100% Equity Share Capital |
| Acquisition Value | ₹85 crore |
| Mode of Payment | Cash Consideration |
| Expected Completion | On or before December 31, 2026 |
Following completion of the transaction, Anwar Cargo Solutions will become a wholly owned subsidiary of SG Mart.
The acquisition is expected to strengthen SG Mart’s presence in the logistics sector and diversify its business operations by adding integrated cargo and logistics capabilities.
Strategic Expansion into Logistics
The acquisition represents an important step in SG Mart’s long-term growth strategy.
By integrating Anwar Cargo Solutions into its business, the company aims to:
- Expand its logistics and supply chain capabilities.
- Diversify revenue streams.
- Strengthen its market presence.
- Improve operational synergies.
- Capitalize on growing demand in India’s logistics sector.
The move reflects SG Mart’s intention to pursue inorganic growth opportunities alongside its existing business operations.
Board Approves Key Leadership Appointments
In addition to the acquisition, the Board approved several important leadership appointments aimed at strengthening the company’s management and governance structure.
New Appointments
- Sanjay Gupta – Appointed as Chairman & Managing Director for a term of five years.
- Rohan Gupta – Appointed as Whole-time Director for a term of five years.
- Chakra Kumar Singh – Appointed as Additional Director (Non-Executive, Non-Independent).
- Shuchi Srivastava – Appointed as Additional Director (Non-Executive, Independent) for a term of five consecutive years.
These appointments are subject to shareholder approval and applicable regulatory requirements.
Corporate Governance Strengthened
The appointment of a new leadership team signals the beginning of a new strategic phase for SG Mart.
The strengthened Board is expected to:
- Enhance corporate governance practices.
- Improve strategic decision-making.
- Support long-term business expansion.
- Drive operational excellence.
- Create greater shareholder value.
The appointment of an independent director also reinforces the company’s commitment to maintaining strong governance standards.
Q1 FY27 Financial Results Approved
The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
While the detailed financial numbers were not disclosed in the initial announcement, investors are expected to closely analyze the quarterly performance once the complete results are released.